$1,626,500
SOLD AUG 22, 2025
16 Beds
14 Baths
6,576 Sq Ft
7,506 Sq Ft Lot

Recently Sold

$247 Per Sq Ft

9% Below List Price

68 Days on Market

Highlights

  • Property is near public transit
  • Chain Link Fence
  • Wall Furnace
  • Laundry Room
  • Carpet

About This Home

As of August 2025

Opportunity knocks. Introducing 3438-3440 Santa Fe Avenue- a prime FULLY LEASED 8 plex investment (ALL 2BR units) in Long Beach (TWO separate twin 4 unit buildings adjacent to each other with a common driveway) being sold together. First time to market in over 40 years. ****May be able to take advantage of conventional 4 unit financing as each building has its own APN. Check with your lender. The buildings are centrally located near the interchange of the 405 and 710 FWY'S and to either Los Angeles or Orange County. This 8 PLEX boasts 6 (six)- 2-BR/1.5 BA units and 2 (two)- 2BR 1BA units each with their own designated parking space and a convenient coin-operated laundry shared by all units. Per the seller, the majority of tenants have been with them well over 5 years and all are in good standing. This is an ideal purchase for seasoned investors and an incredible value. Don’t miss out on the building's solid rental history. The property consistently generates $13,386 per month and $160,632 annually in rental income with plenty of upside potential. Both building ROOFS were replaced in 2013 and 2019 respectively, both buildings master WATER HEATERS were replaced in 2019 and 2022 respectively, and one unit was recently updated. With its combination of location, rental income, and investment potential, this property is an opportunity for investors seeking to expand their real estate portfolio in Long Beach. Property being sold together with 3440 Santa Fe Avenue APN #7311-019-060

Last Agent to Sell the Property

Robert Haaga

Pacific Sotheby's Int'l Realty Brokerage Phone: 562-439-0111 License #00993744 Listed on: 05/15/2025

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,333

Year Built

  • Built in 1963

Lot Details

  • 7,506 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • 7311019060

Home Design

  • Apartment
  • Bitumen Roof

Interior Spaces

  • 6,576 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Assessor Parcel Number 7311019061
  • $826 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $860
  • Gardener Expense $960
  • Insurance Expense $4,900
  • Other Expense $888
  • Pest Control $1,680
  • Water Sewer Expense $13,300
  • Net Operating Income $146,436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,333

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Other Phone Number: 562-439-011
  • Price Per Unit: 224375
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 13300.00
  • Zoning: LBR3T
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7311019061
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 247.34

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Bitumen

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Range Hood
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 1680.00
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7311019060
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7506.00
  • Lot Size Acres: 0.1723

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 860.00
  • Gross Scheduled Income: 160596.00
  • Insurance Expense: 4900.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 6000.00
  • Lot Size Area: 7506.0000 Square Feet
  • Net Operating Income: 146436.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 14160.00
  • Other Expense: 888.00
  • Other Expense Description: Laundry
  • Rent Control: Yes
  • Total Actual Rent: 160632.00

Tax Info

  • Tax Census Tract: 5723.01
  • Tax Lot: 27
  • TaxOtherAnnualAssessmentAmount: 826.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2025
Closed on
Aug 19, 2025
Sold by
Quiliza Rizalino S and Quiliza Elena S
Bought by
Charnell Cody and Villa Beatriz
Seller's Agent
Robert Haaga
Pacific Sotheby's Int'l Realty
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,795,000
Sold Price
$1,626,500
Premium/Discount to List
-$168,500
-9.39%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1770.36%
Original Mortgage
$731,000
Outstanding Balance
$731,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$1,152,000

Purchase Details

Closed on
Jun 4, 2013
Sold by
Quiliza Rizalino S
Bought by
Quiliza Rizalino S and Quiliza Rizalino B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2004
Sold by
Quiliza Rizalino B and Quiliza Elena S
Bought by
Quiliza Rizalino S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.65%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $860,000 Fidelity National Title
Interfamily Deed Transfer -- Wfg Title Company Of Ca
Interfamily Deed Transfer -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $731,000 New Conventional
Previous Owner $175,000 New Conventional
Previous Owner $330,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Sold $1,626,500 -9.4% $247 / Sq Ft
07/22/2025 07/22/25 Pending -- -- --
07/10/2025 07/10/25 Price Changed $1,795,000 0.0% $273 / Sq Ft
07/10/2025 07/10/25 For Sale $1,795,000 -3.0% $273 / Sq Ft
06/26/2025 06/26/25 Pending -- -- --
06/19/2025 06/19/25 Price Changed $1,850,000 -7.0% $281 / Sq Ft
05/15/2025 05/15/25 For Sale $1,990,000 -- $303 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,333 $615,705 $246,282 $369,423
2024 $8,333 $603,633 $241,453 $362,180
2023 $8,189 $591,798 $236,719 $355,079
2022 $7,700 $580,195 $232,078 $348,117
2021 $7,529 $568,820 $227,528 $341,292
2019 $7,421 $551,950 $220,780 $331,170
2018 $7,188 $541,128 $216,451 $324,677
2016 $6,605 $520,117 $208,047 $312,070
2015 $6,347 $512,305 $204,922 $307,383
2014 $6,318 $502,270 $200,908 $301,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25105102

California Regional Multiple Listing Service (CRMLS)

APN: 7311-019-061