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.
Property Details
Price:
$1,250,000
MLS #:
24462853
Status:
Active
Baths:
0
Address:
534 Maine Avenue
Type:
Residential Income
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Nov 12, 2024
State:
CA
ZIP:
90802
Lot Size:
5,015 sqft / 0.12 acres (approx)
Year Built:
1924
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Schools
Interior
Appliances
Dishwasher, Microwave, Refrigerator
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Street
Parking Spots
0.00
Stories Total
2
Financial
Map
Community
- Address534 Maine Avenue Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
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Courtesy of Lyon Stahl Investment Real Estate, 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 2024. California Regional Multiple Listing Service. All rights reserved.
534 Maine Avenue
Long Beach, CA
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