2260 Santa Fe Ave, Long Beach, CA 90810-1217
- Assisted living facilities
- 10,458 SF
- 0.40 lot acres
Current Use by Public Records
- Assisted living facilities
Property Details for 2260 Santa Fe Ave
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.40 lot acres
- Zone code
- LBR4R
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 7401-031-002
- APU
- 7401031002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 22, 2025 | — | Roots INC | — | Deed · related | $1.5M · Ocean View Accounting INC |
| Dec 24, 2024 | $3,725,000 | Roots INC | Mark Slater | Grant Deed | $3.6M · Gcg Fund 1 LLC |
| Mar 23, 2021 | — | Mark Slater | — | Deed · related | $2M · Pacific Premier Bank |
| Jun 10, 2016 | $2,800,000 | Mark Slater | Reynaldo M Jamir | Grant Deed | $1.9M · Opus Bank |
| Apr 9, 2012 | — | Reynaldo M Jamir | Jamir,maria S | Quit Claim Deed · related | — |
| Jul 29, 2008 | — | Maria S Jamir | Jamir,reynaldo M | Quit Claim Deed | — |
| Apr 7, 2008 | — | Reynaldo M Jamir | Jamir,maria S | Quit Claim Deed · related | — |
| Nov 17, 2006 | — | Reynaldo M Jamir | — | Trustees Deed · related | $100k · Itec Financial INC |
| Oct 1, 1999 | $1,350,000 | Jamir Reynaldo M | Tryfman,mayer & Lily | Grant Deed | $1.2M · Goleta National Bank |
| — | — | Reynaldo M Jamir | — | Deed Of Trust · related | $900k · Itec Financial INC |
| — | — | Reynaldo M Jamir | — | Deed Of Trust · related | $250k · Itec Financial INC |
| — | — | Reynaldo M Jamir | — | Deed Of Trust · related | $1.7M · East West Bank |
| — | — | Reynoldo M Jamir | — | Deed Of Trust · related | $110k · Itec Financial INC |
| — | — | Reynaldo M Jamir | — | Deed Of Trust · related | $130k · Itec Financial INC |
| — | — | Reynaldo M Jamir | — | Deed Of Trust · related | $100k · Via Lending LLC |
| — | — | Reynaldo M Jamir | — | Deed Of Trust · related | $400k · Itec Financial INC |
Description
This exceptional investment opportunity presents a 34-unit apartment building located at 2260 Santa Fe Ave and 2261 Adriatic Ave, Long Beach, CA 90810. The property consists of two adjacent parcels totaling 31,980 square feet, encompassing three one-story buildings with a combined 12,500 square feet. The unit mix includes 31 studios, one one-bedroom/one-bathroom unit, and two three-bedroom/one-bathroom units. Sixteen uncovered parking spaces and a coin-operated laundry facility are included, enhancing tenant convenience and income. Currently operating as an apartment building, the property offers a compelling value-add opportunity. The asking price is $4,080,000, translating to $120,000 per unit and $326.40 per square foot. The land value is $127.58 per square foot. The property boasts a current NOI of $300,107, resulting in a 7.36% cap rate. Pro forma NOI is projected at $376,294, yielding a 9.22% cap rate. A site plan has received conditional approval from the City of Long Beach for the legalization of a prior unpermitted conversion. The buyer may choose to proceed with this conversion or operate the property under existing zoning allowances. This prime Westside Long Beach location offers easy access to transportation, employment centers, and retail amenities. The property's strong cash flow, significant upside potential, and strategic location make it an attractive investment in a thriving market. APN: 7401-031-002, 7401-031-003. Year built: 1950.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,725,000
- ML approach
- $3,725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,277,000
Market price range: $1.73M - $4.35M -
Alternative Use
- Use
- Estimation
- HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
- $2,890,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,180,000 Change: +114% Conversion: Difficult
- OFFICE BUILDING
- $3,705,000 Change: +28% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,310,000 Change: +15% Conversion: Difficult
- RETAIL STORES
- $2,940,000 Change: +2% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,905,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.215
- Latitude
- 33.7984
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
