Listing provided courtesy of: Sage Real Estate Group, Inc..
1845 Maine Avenue
Long Beach, CA 90806-
Est. Payment/ mo
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!
PROPERTY DETAILS
- Price $1,799,000
- Price / Sq Ft $251
- Bldg/Unit Size (Sq Ft) 7,174
- Building Units 12
- Land/Lot Size (Sq Ft) 7,174
- Property Type Residential Income
- Floors / Stories 2
- Year Built 1923
- MLS Number PW25059042
- Days on Market 16
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DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: Sage Real Estate Group, Inc.. 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. Based on information from California Regional MLS. 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. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 17:05:44
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