534 Maine Avenue, Long Beach CA, 90802

Sold

Closed

534 Maine Avenue

Long Beach CA, 90802

$1,185,000

$450.57 per sqft

Sold

Closed

7 Beds

6 Baths

2,630 sqft

Residential

Built in 1924

Listed by John McCann with Lyon Stahl Investment Real Estate, Inc. 310-382-1063

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.

24462853

MLSⓇ ID

November 12, 2024

Listed

January 14, 2025

Updated

Map

534 Maine Avenue
Long Beach CA, 90802

Interior Features

Total Stories: 2
Bedrooms: 7
Total Bathrooms: 6
Interior Features: Ceiling Fan(s)
Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.12 Acres

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 13
Garage: No
Parking: On Street
Parking Total: 0
View: No
County: Los Angeles
Pool: No
Zoning: LBPPD1

Listing History

Date	Event	Price
1/4/2025	Sold	$1,185,000
11/25/2024	Under contract	—

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/14/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/14/2025 at 2:39 AM UTC