2171 Santa Fe, Long Beach, CA 90810

$995,000

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List Price
$995,000
Status
ACTIVE
MLS#
DW26188067
Year Built
1958
Lot Size
4,396
Acres
0.10
Lot Location
0-1 Unit/Acre
Days on Market
22
Property Type
Multifamily
Property Sub Type
Mixed Use
Neighborhood
Westside/South Of Willow (Wsw)

Property Description

ONE OF THE LOWEST- PRICED COMMERCIAL PROPERTIES IN LONG BEACH! Rare mixed-use investment and owner-user opportunity in a high-visibility Long Beach location. The property features two residential units upstairs and two commercial storefronts, providing multiple potential income streams. Three leased units currently generate approximately $5,350 per month in rental income. The remaining commercial space is currently used for an established mini-market business, which is offered separately. A buyer may continue operating the business or potentially reposition or lease the space for another retail or service use. The projected market rent for this space is approximately $2,300 per month, bringing the property’s projected gross rental income to approximately $7,650 per month, or $91,800 annually, if fully rented. Additional features include rear parking, alley access, strong street visibility, and convenient access to schools, parks, and neighborhood amenities. An excellent opportunity for an investor or owner-user seeking existing income, flexibility, and future upside. Buyer to verify all rents, leases, expenses, business financials, permitted uses, and projected income.

Additional Information

Pool Description
None
Roof
Flat
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$64,200
Operating Expense
62916

Listing courtesy of Listing Agent: David Gomez (davidmgomez.re.broker@gmail.com) from Listing Office: Realty Executives Com. & Res..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.