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.
Listed by Tony Azzi
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License #00910513
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Tony Azzi
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310-909-5454
Last updated November 05, 2025
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Source: CRMLS #25562133
Listing Facts
TypeMulti-family
NeighborhoodLower Westside
Days on Prevu135
Size3,188 sqft
Price per sqft$500
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/05/2025
Price Decreased
$1,595,000
10/28/2025
Status changed to Active
$1,675,000
10/22/2025
Status changed to Removed from Feed
$1,675,000
10/18/2025
Status changed to Active
$1,675,000
10/17/2025
Status changed to Removed from Feed
$1,675,000
10/10/2025
Status changed to Active
$1,675,000
10/09/2025
Status changed to Removed from Feed
$1,675,000
09/11/2025
Status changed to In Contract
$1,675,000
09/09/2025
Status changed to Active
$1,675,000
09/08/2025
Status changed to Removed from Feed
$1,675,000
09/07/2025
Status changed to Active
$1,675,000
09/05/2025
Status changed to Removed from Feed
$1,675,000
09/04/2025
Status changed to Active
$1,675,000
09/04/2025
Status changed to Removed from Feed
$1,675,000
07/08/2025
Listed by Tony Azzi
$1,675,000
Property Details for 1960 Santa Fe Avenue
Exterior
Construction
Number Of Units Total: 1
Stories: 1
Year Built: 1945
Measurements
Building Area Total: 3,188
Lot Size Acres: 0.21
Lot Size Area: 9,287
Lot Size Source: Other
Lot Size Square Feet: 9,287
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.94
Gross Income: $94,680.00
Taxes
Parcel Number: 7431019019
Interior
Measurements
Living Area: 3,188
Parking
Parking
Parking Total: 9
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.