Homes for sale - 534 Maine AVE, Long Beach, CA 90802

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Louis DiGonzini

ldigonzini@thedigonzinigroup.com +1(949) 922-8420

$ 1,250,000

Est. payment | -/mo

7 Beds

6 Baths

2,630 SqFt

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$ 1,250,000

Est. payment | -/mo

Save

7 Beds

6 Baths

2,630 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,630 sqft

Price per Sqft $475

MLS Listing ID 24462853

Bedrooms 7

HOA Y/N No

Year Built 1924

Lot Size 5,013 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPPD1

Interior

Interior Features Ceiling Fan(s)

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage On Street

Parking Type On Street

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7278020048

Special Listing Condition Standard

Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

534 Maine AVE Long Beach, CA 90802

Louis DiGonzini

Key Details

Location

Interior

Exterior

Building

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534 Maine AVE