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Property 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.

Features
2
: Dryer Included, Washer Included
0
Additional Information
Lyon Stahl Investment Real Estate, Inc.
0
CLW-C127551
CLW-X82195
John
7278020048
: Standard
Multi/Split
32

Multi-Family For Sale

534 Maine Avenue, Long Beach, California 90802

2,630 Sqft
$1,250,000
Listing ID #24462853
Basic Details
Status : Active under contract
DaysOnMarket : 13
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24462853
Price : $1,250,000
Living Area : 2,630 Sqft
Lot Size : 5,015 Sqft
Year Built : 1924
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90802
Price Per Square Foot : $475
ModificationTimestamp : 2024-11-25 12:41:22
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