$1,799,000 $9,657 est/mo Sourced by Back At You
1845 Maine Avenue,Long Beach, CA 90806
Long Beach, CA 90806
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!
Details
| MLS# | PW25059042 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 36 |
| Listing Provided By | Sage Real Estate Group, Inc. 562-400-7622 | Cody Charnell |
Features
| SQ Feet | 4,690 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 1 |
| Zoning | LBR1N |
| Acreage | 0.16 |
Market Activity 90806
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Listing VS Median (in 90806) | |
Price: $1,799,000 low | high Med: $898,000 SqFt: 4,690 low | high Med: 1,482 $ / SqFt: $384 low | high Med: $606 On site: 36 low | high Med: 28.000000 | |
Listing Updated: April 5, 2025 at 1:39:52 PM PDT