tomo logo

$1,250,000

Beds
7
sq ft
2,630

534 Maine Ave, Long Beach, CA 90802

534 Maine Ave

Long Beach, CA 90802

  • 9 days on market
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.

Details

Property type

Lot size

5,015 sq ft

Price per sq ft

$476

Year built

1924

HOA

No

Price History

11/12/2024
CLAW

CLAW #24462853

Listed
$1,250,000
+31.58%
05/21/2018
CRMLS

CRMLS #PW18068988

Sold
$950,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/21/2024 at 3:00 PM

Listing updated: 11/12/2024 at 3:20 PM

Listed by: John McCann, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838

MLS: CLAW #24462853

CLAW logo

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