1845 Maine Avenue Long Beach, CA ^$ 1,900,000

1845 Maine Avenue

^$ 1,900,000

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Recently Listed

1845 Maine Avenue

Long Beach, CA, 90806

^$ 1,900,000

Bedrooms2 Baths12.0 Sq 4,690

Monthly Estimate*

^$ 12,628

Listed by Compass

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Multi-Family Home for sale in Long Beach, CA

for $1,900,000 with 2 bedrooms and 12 full baths. This 4,690 square foot home was built in 1923 on a lot size of 0.1647.

1845 Maine Avenue 12-unit Spanish-Colonial style complex is located in Los Angeles County's rapidly growing Long Beach Market. Consisting of an ideal unit mix of (2) 1 bedroom/1 Bath units and (10) studio units. Strategically located in the heart of South Wrigley, tenants enjoy the restaurants, shopping, and entertainment of Downtown Long Beach, Pine Avenue, and The Shoreline Village. Access to commuting freeways and core job markets continues to make this location irreplaceable. A future investor will enjoy long-term upside with this asset due to a continued shortage of apartment housing and lack of affordability of single-family homes in Southern California.

Multi-Family Active

Price

^$ 1,900,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1647

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

NP24084409

Days on Market

Features

General

Sewer PublicSewer

Zoning LBR1N

Garage Spaces 4.0

Pool Features None

Year Built 1923

Tenant Pays Sewer TrashCollection Water

Property SubType MixedUse

Gross Income 11575.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 92845.0

Operating Expense 58071.0

Insurance Expense 4690.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions On Maine North of Pacific Coast Highway West of Pacific

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 12

MLS Area 5 - Wrigley Area

Lot Size Square Feet 7173.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Maine

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 250.0

Water Sewer Expense 190.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 19

Property Sub Type Additional MixedUse

Expected Active Date 2024-05-10

Exterior

Lot Features RectangularLot

Water Source Public

Total Parking 4.0

Lot Size Area 7173.0

Number of Buildings 1

Spa N

Building Area Total 4690.0

Lot Size Acres 0.1647

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1845

* Excluded Features

List By

Compass

Broker

(949) 438-4340

Phone

Affordability Calculator

$12,628

Per Month

Monthly Principal & Interest: $12,628
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,066,115

Percent of Sale Price 9%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/10/2024	$1,900,000		Listed Price

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1845 Maine Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,900,000 with 4,690 sqft and a lot size of 0.1647. 1845 Maine Avenue has 2 bedrooms, 12.0 baths, and was built in 1923. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1845 Maine Avenue

Multi-Family Home for sale in Long Beach, CA

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