Long Beach, CA 90810 3390 Santa Fe Avenue

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Presented By: Annie Chen with Homegrown Wealth Real Estate; 562-556-3511
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# AR25152472
  • 07/08/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 1
  • SQFT • 3,520
  • Garage • 5

Home Details

Turnkey 6-Unit Investment Opportunity in Prime West Long Beach Welcome to 3390 Santa Fe Avenue a fully leased, income-generating 6-unit apartment building located in the heart of West Long Beach. Just minutes from Downtown, the Ports, and major freeways (710 & 405), this asset offers immediate cash flow with strong long-term upside—perfect for seasoned investors or 1031 exchange buyers. The property consists of six 2-bedroom, 1-bath units , each featuring well-maintained interiors, individual gas and electric meters, and a solid rental history. Recent capital improvements enhance the asset’s appeal and reduce maintenance needs, while one private, uncovered driveway space adds tenant convenience. Currently operating at a 6.09% cap rate , this building benefits from professional management, low vacancy, and consistent tenant demand. Its coastal proximity and accessibility to public transportation, schools, and shopping centers make it especially attractive in today’s competitive rental market. With room for rental upside and growing demand in the area, this turnkey asset is a rare opportunity for investors seeking stability, location, and value.
Presented By: Annie Chen with Homegrown Wealth Real Estate; 562-556-3511

Interior Features for 3390 Santa Fe Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 3390 Santa Fe Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.09
Carport Y/NNo
CityLong Beach
Community FeaturesPark
Construction MaterialsAluminumSiding, Asphalt, Frame, Stucco, VinylSiding
CountyLos Angeles
Current FinancingAssumable
DirectionsFrom I-710 S, take the exit toward Willow St. Turn right onto W Willow St, then left onto Santa Fe Ave. Property will be on the right side, just past W 33rd St.
Electric Expense300.0
Entry Location1
Fuel Expense100.0
Garage Spaces5.0
Garage Y/NYes
Gross Income122352.0
HOANo
HeatingNone
Home Warranty Y/NNo
Insurance Expense3261.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Exchange1031
Lot Size Square Feet3921.0
Lot Size UnitsSquareFeet
MLS Area7 - North Long Beach
MobileHomeRemainsYNNo
Net Operating Income91368.0
New ConstructionNo
Number Of Units Total6
Operating Expense14184.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision Name1
Tax Lot2
Tenant PaysAllUtilities
Trash Expense250.0
Water Sewer Expense0.0
Year Built1957
Year Built SourceAssessor
ZoningLBR3T

Exterior for 3390 Santa Fe Avenue

Building Area Total3520.0
Crops Included Y/NNo
FencingBlock, ChainLink, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.09
Lot Size Area3921.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,500,000
MLS#AR25152472
List Date 07/08/2025
Property Type Multi-Family
Phone 714.742.6515
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