CA > Long Beach
Long Beach, CA 90810,1960 Santa Fe Ave
Long Beach, CA 90810,1960 Santa Fe Ave
Long Beach, CA 90810,1960 Santa Fe Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,675,000
Est. payment /mo
3,188 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,188 sqft

Price per Sqft $525

MLS Listing ID 25562133

Year Built 1945

Lot Size 9,287 Sqft

Acres 0.1534

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Westside

Zoning LBCCA

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 9.0

Building

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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Listed by Tony Azzi

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Kirshner Elkin Properties

+1(424) 214-0133

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