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$1,185,000

$1,250,000 5.2%

Est. payment - /mo

7 BD

6 BA

2,630 SqFt

Sold on 01/03/2025

534 Maine Ave Long Beach, CA 90802

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Roe Valenti S.0190519

REALTOR® | RE.S.0190519

+1(702) 460-5556

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UPDATED:

Key Details

Sold Price $1,185,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,630 sqft

Price per Sqft $450

MLS Listing ID 24-462853

Bedrooms 7

Year Built 1924

Lot Size 5,015 Sqft

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.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBPPD1

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling Air Conditioning

Equipment Cable, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features On street

Building

Story 2

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.
Bought with Lyon Stahl Investment Real Estate, Inc.

GET MORE INFORMATION

Roe Valenti S.0190519

REALTOR® | RE.S.0190519

+1(702) 460-5556

534 Maine Ave Long Beach, CA 90802

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

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534 Maine Ave