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Listed by Cody J. Charnell • Sage Real Estate Group, Inc.
$ 1,799,000
Est. payment /mo
Active
1845 Maine Avenue Long Beach, CA 90806
4,690 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,690 sqft
Price per Sqft $383
MLS Listing ID PW-25059042
Year Built 1923
Lot Size 7,173 Sqft
Property Sub-Type Apartment
Property 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!
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR1N
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Curbs
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer