1960 Santa fe Ave Long Beach, CA 90810
Lower Westside NeighborhoodEstimated payment $10,563/month
Total Views
1,477
--
Bed
--
Bath
3,188
Sq Ft
$525
Price per Sq Ft
Highlights
- Corner Lot
- 1-Story Property
- 4-minute walk to Admiral Kidd Park
About This Home
The Azzi Group at Marcus & Millichap is pleased to present the exclusive offering of a 7-Eleven located at 1960 Santa Fe Avenue in Long Beach, California. This high-performing retail asset is secured by an absolute NNN lease with a franchisee guarantee, requiring no landlord responsibilities7-Eleven is fully responsible for taxes, insurance, and all maintenance. The property occupies a prominent signalized hard corner with excellent visibility and strong traffic exposure along Santa Fe Avenue. Located in a dense urban corridor, the site benefits from a proven operating history and is surrounded by national and regional tenants, residential housing, and local schools. With over 300,000 residents within a five-mile radius, the area drives steady foot traffic and supports long-term retail performance. This offering provides stable, long-term income with 5.5 years remaining on the base lease term and two five-year renewal options. Effective January 2026, the annual rent will increase to $106,800, further enhancing cash flow and yield. Combining passive income, strong demographics, and a prime Long Beach location, this investment offers secure returns and long-term upside in one of Southern California's most supply-constrained markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,081
Year Built
- Built in 1945
Lot Details
- 9,287 Sq Ft Lot
- Corner Lot
Parking
- 9 Parking Spaces
Interior Spaces
- 3,188 Sq Ft Home
- 1-Story Property
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 7431-019-019
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,081 | $1,423,397 | $968,776 | $454,621 |
| 2024 | $18,081 | $1,395,488 | $949,781 | $445,707 |
| 2023 | $17,779 | $1,368,126 | $931,158 | $436,968 |
| 2022 | $16,685 | $1,341,300 | $912,900 | $428,400 |
| 2021 | $5,123 | $371,065 | $278,562 | $92,503 |
| 2020 | $5,110 | $367,261 | $275,706 | $91,555 |
| 2019 | $4,875 | $360,060 | $270,300 | $89,760 |
| 2018 | $6,117 | $433,459 | $325,946 | $107,513 |
| 2016 | $5,652 | $416,629 | $313,290 | $103,339 |
| 2015 | $5,439 | $410,372 | $308,585 | $101,787 |
| 2014 | $5,396 | $402,335 | $302,541 | $99,794 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $1,675,000 | -- | $525 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,985,000 | North American Title Company | |
| Grant Deed | $521,500 | None Available | |
| Interfamily Deed Transfer | -- | Fidelity Van Nuys | |
| Grant Deed | $570,000 | Fidelity Van Nuys | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title | |
| Grant Deed | $280,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $465,000 | Commercial | |
| Previous Owner | $399,000 | Commercial | |
| Previous Owner | $330,000 | Commercial | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $224,000 | Commercial | |
| Previous Owner | $70,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $110,000 | Commercial |
Source: Public Records
Similar Homes in Long Beach, CA
Source: The MLS
MLS Number: 25562133
APN: 7431-019-019
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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