534 Maine Avenue
Long Beach, CA 90802
Active for $1,250,000
Beds: 7 Baths: 6 Structure Size: 2,630 sqft Lot Size: 5,015 sqft
| MLS | 24462853 |
| Year Built | 1924 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,250,000 |
| Structure Size | 2,630 sqft |
| Lot Size | 5,015 sqft |
| Beds | 7 |
| Baths | 6 |
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.
Listing information courtesy of: John McCann, Lyon Stahl Investment Real Estate, Inc. 310-382-1063. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Caroline Girgis
REALTOR®
Direct: 818.441.1364
Email: Email Me
DRE: 02176678
DRE #01873088
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