534 Maine Avenue

Long Beach, CA 90802

  • 7 Bed(s)
  • 0 Bath(s)
  • 2,630 Sqft
  • 5015
    Sqft(Lot)
$1,250,000

Description

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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47625058

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Property Details

  • Bedroom Information

    • Total Bedrooms : 7

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Dishwasher,Microwave,Refrigerator,Dryer,Washer

  • Building Information

    • Year Built: 1924
    • Building Area Total: 2,630

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1151
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 5015

  • Listing Price Information

    • Original List Price: 1,250,000
    • Listing Contract Date: 2024-11-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7278020048

  • Garage and Parking

    • Garage Description: On Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 1138
    • Directions: Maine Avenue & 6th Street
    • Zoning: LBPPD1
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach

    Building and Construction

    • Property Age: 100
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 2630
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 12/18/2024 @ 05:48

  • MLS: 24462853
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is recently sold, it has 2,630 sqft, 5,015 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90802, this Los Angeles County Home , it is in the Downtown (DT) Subdivision, are nearby neighborhoods.