1845 Maine Avenue, Long Beach, CA, US, 90806
1845 Maine Avenue, Long Beach, CA, US, 90806Basics
- Date added: Added 2週間 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2
- Lot size: 7173, 7173 sq ft
- Year built: 1923
- Zoning: LBR1N
- County: Los Angeles
- MLS ID: PW25059042
Description
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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!
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Location
- Directions: North of PCH and West of Magnolia
- Lot Size Acres: 0.1647 acres
Building Details
- Water Source: Public
- Lot Features: ElevenToFifteenUnitsAcre
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 4
- Number Of Buildings: 1
Amenities & Features
- Pool Features: None
- Parking Total: 4
- Laundry Features: CommonArea
Expenses, Fees & Taxes
- Trash Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Insurance Expense: $12,000
- Water Sewer Expense: 0
Miscellaneous
- List Office Name: Sage Real Estate Group, Inc.
- Listing Terms: Cash,CashToNewLoan
- Common Interest: CommunityApartment
- Community Features: Curbs
- Attribution Contact: 562-896-3851