REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Mar

Tue

Mar

Wed

Mar

Nicole Darwin

Engel & Völkers

nicole.darwin@engelvoelkers.com +1(707) 330-4357

$ 1,799,000

Est. payment -/mo

Save

New

1845 Maine AVE Long Beach, CA 90806

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25059042

HOA Y/N No

Year Built 1923

Lot Size 7,174 Sqft

Property Sub-Type Apartment

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.

Two 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

Zoning LBR1N

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7202030039

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Cody Charnell • Sage Real Estate Group, Inc. • 562-896-3851

Nicole Darwin

Advisor

+1(707) 330-4357

GET MORE INFORMATION