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!
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!
Property Details
Price:
$1,799,000
MLS #:
PW25059042
Status:
Active
Baths:
0
Address:
1845 Maine Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Mar 18, 2025
State:
CA
ZIP:
90806
Lot Size:
7,173 sqft / 0.16 acres (approx)
Year Built:
1923
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Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
4.00
Lot Features
11-15 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1845 Maine Avenue Long Beach CA
- Area5 – Wrigley Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
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Courtesy of Sage Real Estate Group, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1845 Maine Avenue
Long Beach, CA
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