3631 Santa Fe Ave, Long Beach, CA 90810-2153
- Gas stations
- 1,386 SF
- 0.27 lot acres
Current Use by Public Records
- 76 / Gas Station
- CoinFlip Bitcoin ATM / Currency Exchange Service / Investment Service
- Amazon Locker - Mozzarella / Courier Service / Postal Service
- Rocket / Gas Station
Property Details for 3631 Santa Fe Ave
- Year built
- 1956
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.27 lot acres
- Zone code
- LBCNA
- Property type
- Gas stations
- APN
- 7317-006-026
- APU
- 7317006026
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 14, 2025 | — | Apro LLC | Santafe Investment | Deed | — |
| Aug 14, 2025 | $2,000,000 | Santafe Investment | Realty Income Properties 23 LLC | Grant Deed | — |
| Dec 12, 2019 | $3,219,000 | Realty Income Prop 23 LLC | Uo Portfolio Arcp III | Grant Deed | — |
| Oct 15, 2014 | $2,835,000 | Uo Portfolio Arcp III | Cf United Propco LLC | Grant Deed | — |
| Jul 3, 2014 | $2,570,525 | Cf United Propco LLC | E S Bills INC | Grant Deed | $245M · Wells Fargo Bank NA |
| Nov 2, 1970 | $85,000 | Bills E S INC | — | Grant Deed · related | — |
| Jan 9, 1970 | — | — | — | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a 1,386 square foot, single-tenant, absolute NNN leased convenience store and gas station located at 3631 Santa Fe Ave, Long Beach, CA 90810. The property, built in 1956 and situated on a 0.27-acre lot, boasts six gas pumps and ample parking for one vehicle. Currently operating under a 20-year lease with United Pacific (76 Gas), the lease commenced July 1, 2014, and has approximately 9.6 years remaining, expiring June 29, 2034. The lease includes three 5-year renewal options with a 7.50% rent increase in July 2029 and each subsequent option period. The property generates a strong net operating income (NOI) of $125,000, resulting in a compelling 5.75% cap rate. The asking price is $2,173,913. This fee-simple ownership offers the potential for bonus depreciation benefits. The property benefits from its location in a high-traffic area within Los Angeles County, providing excellent visibility and access. The tenant, United Pacific, is a joint venture between subsidiaries of Phillips 66 and Fortress Investment Group, LLC, and operates a significant number of retail gas stations across multiple states. This offering presents a rare opportunity to acquire a well-established, high-performing asset with a long-term lease and significant upside potential. The business itself is not for sale.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,468,000
Market price range: $1.10M - $3.60M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.216
- Latitude
- 33.8229
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA