534 Maine Avenue
Long Beach, CA 90802
- – beds
- – baths
- – sqft
- 5,015 sqft lot
- 1924 build
- – on site
534 Maine Ave is a 4-unit building, originally built in 1924. This property comprises (3) spacious 2-bedroom units, each approximately 725 square feet, and (1) 1-bedroom unit at 460 square feet. One of the 2-bedroom units are currently vacant offering opportunity for a owner-user. Additionally, there is a 30% potential rental upside, providing an excellent opportunity for income growth with market adjustments. The property has been meticulously maintained and upgraded, reducing the need for substantial capital expenditures. The owner has undertaken significant improvements, including modern renovations to all units, creating a fresh, move-in-ready atmosphere. Updated landscaping enhances the curb appeal and ensures low-maintenance upkeep for future ownership. Each unit is individually metered, the owner covers water and sewer costs, while tenants are responsible for gas, trash, and electricity. This is a perfect fit for an investor or owner-user looking for a turnkey, well-located property with major capital improvements already completed, offering immediate cash flow and future upside potential.
Last checked:
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Last updated Nov 13, 2024
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MLS# 24462853 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1924
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New Construction:No
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Building Area Total:2630.00
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
Interior
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Features:Ceiling Fan(s)
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Levels:Multi/Split
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:Maine Avenue & 6th Street
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Latitude:33.77370900
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Longitude:-118.20032900
The Property
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Property Type:Residential Income
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Zoning:LBPPD1
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Lot Size Area:5015.0000
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Lot Size Acres:0.1151
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Lot Size SqFt:5015.00
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Lot Size Source:Estimated
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7278020048
Appliances
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Appliances:Dishwasher, Microwave, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Street
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 |
|---|---|---|---|---|
|
11/13/24
Nov 13, 2024
|
Listed / Active | CRMLS_CA | $1,250,000 | 31.6% (4.9% / YR) |
|
5/21/18
May 21, 2018
|
CRMLS_CA | $950,000 |
