HIGH YIELD - 8% CASH-ON-CASH RETURN w/ FINANCING AVAILABLE AT JUST 25% DOWN!!!!! pleased to present the opportunity to acquire 2260 Santa Fe Avenue and 2261 Adriatic Avenue, an investment property located in the vibrant Westside Long Beach submarket. These two adjacent parcels are situated in a high-demand area, offering a unique mix of unit configurations and robust investment potential. The properties are strategically positioned to benefit from Long Beach's ongoing urban development and revitalization efforts, providing residents with easy access to transportation, employment hubs, and diverse retail and entertainment options. 2260 Santa Fe Avenue is comprised of thirty-one (31) studio units and one (1) one-bedroom/one-bath unit, while 2261 Adriatic Avenue features two (2) standalone three-bedroom/one-bath units. Together, these properties include a total of 34 units, 16 uncovered parking spaces, and a coin-operated laundry facility, enhancing tenant convenience and income potential. The Santa Fe Avenue property currently operates as an apartment building and has for many years, per the Seller. A site plan has received approval with conditions from the City of Long Beach for legalization of an unpermitted conversion of a senior group residence into apartments. The buye
MLS #
CRSB24156797
MLS Source
California Regional MLS
Days on Site
69
Laundry
Community Facility
Garage/Parking
Garage: 0 Car(s)
Listing Agent
Christopher Van Vuuren
Lyon Stahl Investment Real Estate, Inc.
License #: 02060007
Phone: (424) 220-8960
Co-Listing Agent
Cris Molles
License #: 01345419
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 27 | – |
2260 Santa Fe Ave is a Residential Income in Long Beach, CA 90810. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,080,000 and was built in 1950.
This address can also be written as 2260 Santa Fe Ave, Long Beach, CA 90810.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of August 23, 2024. For the most current information, please contact Christopher Van Vuuren, (424) 220-8960