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$ 1,675,000
Est. payment | /mo
3,188 SqFt
$ 1,675,000
Est. payment | /mo
3,188 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,188 sqft
Price per Sqft $525
MLS Listing ID 25562133
HOA Y/N No
Year Built 1945
Lot Size 9,286 Sqft
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 11 - Westside
Zoning LBCCA
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7431019019
Special Listing Condition Standard
Listed by Tony Azzi Tony Azzi
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Cyrene Delinger
REALTOR® | Lic# 01974789