2633 Santa Fe Ave Long Beach, CA 90810

Property Details for 2633 Santa Fe Ave

Year built

1942

Property type

Commercial real estate

APN

7401-016-025

Description

This exceptional investment opportunity presents a four-unit apartment building located at 2633 Santa Fe Ave, Long Beach, CA 90810. The property, built in 1942, sits on a substantial 7,657 square foot lot and features four single-story, one-bedroom, one-bathroom units, each with its own garage. The total net rentable area is 2,562 square feet, with an asking price of $865,000, translating to $337.63 per square foot and $216,250 per unit. The property is zoned LBR3T and offers significant potential for value appreciation. Its prime location provides easy access to major freeways including the 710, 405, 91, 15, 10, and 5, making it highly attractive to commuters. This presents a compelling opportunity for an investor to capitalize on Long Beach's ongoing urban development and revitalization, or for an owner-occupant seeking a multi-unit property with immediate rental income potential. The property's single-story design and ample parking (four spaces) further enhance its appeal. This is a rare chance to acquire a well-situated, income-producing asset in a thriving California market. The property's potential for increased rental income through renovations and upgrades is significant. The Los Angeles County location and the existing structure provide a solid foundation for future growth and profitability.