1960 Santa Fe Avenue, Long Beach, CA 90810
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1960 Santa Fe Avenue,Long Beach, CA 90810
$1,675,000
- - Beds
- - Baths
- 3,188 sq. ft.
- Multi-family
- Active
Listed by:tony azzi
Office:tony azzi
MLS#:25562133
Source:CRMLS
Price summary
- Price:$1,675,000
- Price per sq. ft.:$525.41
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.
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Home facts
- Year built:1945
- Listing ID #:25562133
- Added:70 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Living area:3,188 sq. ft.
Structure and exterior
- Year built:1945
- Building area:3,188 sq. ft.
- Lot area:0.21 Acres
Finances and disclosures
- Price:$1,675,000
- Price per sq. ft.:$525.41
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