534 Maine Avenue
$1,250,000
7
6
2,630
2,630
$475
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...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.
- Listed by John McCann • DRE #01963932 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 534 Maine Avenue
Zoning
LBPPD1
Parcel Number7278020048
Total Units4.0
Living Area2630
Source Living AreaEstimated
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate1
Lot Size Area5015
LISTING UPDATED: 11/12/2024 03:05 PM
Property Details for 534 Maine Avenue
Status | Active |
---|---|
MLS # | 24-462853 |
Days on Market | 7 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.12 AC / 5,015 SF |
County | Los Angeles County |
Building Information for 534 Maine Avenue
Stories2Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,015 SF
Property Information for 534 Maine Avenue
Property History for 534 Maine Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 534 Maine Avenue
Taxable ValueLand$741,818Additions$317,920Total$1,059,738
Tax Record2024$13,908 ($1,159 / month)
Home Facts
Total Finished SqFt2,016 SqFtAbove Grade Finished SqFt2,016 SqFtLot Size5,015 SqFtStyleQuadraplexYear Built1924ZoningLBPPD1CountyLOS ANGELESAPN7278-020-048
Schools near 534 Maine Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Chavez Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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