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Listed by Cody Charnell • Sage Real Estate Group, Inc.
$ 1,799,000
Est. payment /mo
Active
1845 Maine AVE Long Beach, CA 90806
7,173 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25059042
Year Built 1923
Lot Size 7,173 Sqft
Source California Regional MLS
Property 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!
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 7202030039
Special Listing Condition Not Applicable
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Xavier Williams
Certified Pricing Strategy Advisor - Realtor - Mortgage Broker | License ID: 01968917