1845 Maine Avenue
Long Beach, CA 90806
- – beds
- – baths
- – sqft
- 7,173 sqft lot
- 1923 build
- – on site
Great investment opportunity in the Wrigley neighborhood of Long Beach! This 12-unit property offers 30% upside in rental income and is surrounded by primarily single-family homes, making street parking more accessible. The property includes four garage spaces, providing potential for ADU conversions to increase cash flow. Two units can be delivered vacant at close of escrow. Additional income streams include an on-site coin-operated laundry room. There is potential to implement RUBS to further boost cash flow. Priced competitively at $149,917 per unit, this is an excellent value in a strong rental market. Don't miss out on this high-potential asset!
Last checked:
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Last updated Mar 20, 2025
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MLS# PW25059042 —
The Building
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Year Built:1923
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4690.00
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Building Area Units:Square Feet
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Total Number Of Units:12
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Entry Location:Courtyard
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Laundry:Common Area
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Laundry:1
Location
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Directions:North of PCH and West of Magnolia
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Latitude:33.79069200
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Longitude:-118.20092700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR1N
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Lot Features:11-15 Units/Acre
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Lot Size Area:7173.0000
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Lot Size Acres:0.1647
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Lot Size SqFt:7173.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:2
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Tax Census Tract:5730.03
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Tax Tract:1900
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Tax Lot:19
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7202030039
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Showings Begin:2025-03-20
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/20/25
Mar 20, 2025
|
Listed / Active | CRMLS_CA | $1,799,000 | 23.6% |
8/22/24
Aug 22, 2024
|
CRMLS_CA | $1,455,000 | -19.1% | |
8/1/24
Aug 1, 2024
|
CRMLS_CA | $1,799,000 |