1845 Maine Avenue

Long Beach, CA 90806

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,690 Sqft
  • 7173
    Sqft(Lot)
$1,799,000

Description

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.



three 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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49242520

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1923
    • Building Area Total: 4,690

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1647
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7173

  • Listing Price Information

    • Original List Price: 1,799,000
    • Listing Contract Date: 2025-03-18

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7202030039

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 5 - Wrigley Area
    • Directions: North of PCH and West of Magnolia
    • Zoning: LBR1N
    • Source Property Type: Residential Income
    • Area: 5 - Wrigley Area
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 102
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Courtyard
    • Property Attached: Yes
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BuyOwner last updated this listing 04/07/2025 @ 13:12

  • MLS: PW25059042
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,690 sqft, 7,173 sized lot, and 4 parking. are nearby neighborhoods.