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2260 Santa Fe Ave
Long Beach, CA 90810
Multifamily Property For Sale
·
34 Units
Investment Highlights
- • Two (2) adjacent parcels
- • 2260 SANTA FE AVE: (31) studios, (1) 1b-1b • 2261 ADRIATIC AVE: (2) 3b-1b stand alone units
- • Master metered for 32 unit & separately metered duplex on Adriatic
- • Only $120,000 per unit! • Current 7.36% CAP | Pro-forma 9.22% CAP • Current 8.27 GRM | Pro-forma 7.20 GRM
- • 16 uncovered parking spaces & coin-op laundry
- • 8% CASH-ON-CASH RETURN w/ FINANCING AVAILABLE AT JUST 25% DOWN!
Property Facts
| No. Units | 34 | Lot Size | 0.73 AC |
| Property Type | Multifamily | Building Size | 12,500 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Zoning | LBR4R | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 12,500 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | LBR4R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 31 | - | 1 |
| 1+1 | 1 | - | 1 |
| 3+1 | 2 | - | 1 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,625,000 | |
| Land Assessment | $2,100,000 | Total Assessment | $3,725,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,100,000
Improvements Assessment
$1,625,000
Total Assessment
$3,725,000
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