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$1799000   Price Analysis
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1845 Maine Ave
Long Beach, CA 90806
2 bed 12 bath 4690 SqFt ($383/SqFt)
7173SqFt lot. Built 1923
Listed 2024-05-10, Taxes $2808
Ⓧ USDA Ineligible
due to price & location

near Long Beach

1845 Maine Avenue 12-unit Spanish-Colonial style complex is located in Los Angeles County's rapidly growing Long Beach Market.

Consisting of an ideal unit mix of (2) 1 bedroom/1 Bath units and (10) studio units. Strategically located in the heart of South Wrigley, tenants enjoy the restaurants, shopping and entertainment of Downtow n Long Beach, Pine Avenue and The Shorelne Village.

Access to commuting freeways and core job markets continues to make this location irreplaceable. A future investor will enjoy long-term upside with this asset due to a continued shortage of apartment housing and lack of affordability of single-family homes in Southern California.


Presented by Kacey Taormina at
COMPASS.
Listing Agent Photo

Property MLS #NP24084409 from CRMLS

Bedrooms: 2

Laundry Features: Common Area

Full Bathrooms: 12

Lot Description: Rectangular Lot
Lot Size Acres: 0.1646694
Lot Size Source: Assessor
Lot Size Square Feet: 7173

Garage Spaces: 4
Parking Total: 4

Monthly Parking Fee: 100

Number of Units: 12
Unit Features: Bathrooms in Unit 11 : 1, Bathrooms in Unit 12 : 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1

Tenant Pays: Sewer, Trash Collection, Water
Rent Control: Yes

Community Features: Sidewalks

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 4690.00
Area: 5 - Wrigley Area
Source Neighborhood: 5 - Wrigley Area
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 7202030039
Trash Expense: 250.00
Zoning: LBR1N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$37389 + $38780
$76169
$2808
2021$36656 + $38020
$74676
$2691
2020$36281 + $37631
$73912
$2685
2019$35570 + $36894
$72464
$2653
2018$34873 + $36171
$71044
$2484
2017$34190 + $35462
$69652
$2454
2016$33520 + $34767
$68287
$2302
2015$33017 + $34245
$67262
$2247
2014$32371 + $33575
$65946
$2307
2013$32225 + $33424
$65649
$2261
2012$31594 + $32769
$64363
$2260
2010$30975 + $32127
$63102
$2180
2009$30818 + $31963
$62781
$2067
2009$30744 + $31887
$62631
$2067
2008$30214 + $31337
$61551
$1931
2007$29622 + $30723
$60345
$1812

Price Changed 2024-06-01
$1799000
CRMLS
Listed 2024-05-10
$1900000
CRMLS

Net Operating Income: 92845.00

Total Square Feet Living: 4690
Year Built: 1923
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 101
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Public Records

Sewer: Sewer: Public Sewer, Water Sewer Expense: 190.00
Water Source: Public

Washington Middle School is a public middle school located approximately 0.5 miles away.
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Lafayette Elementary School is a public elementary school located approximately 0.8 miles away.
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Cabrillo High School is a public high school located approximately 0.9 miles away.
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Regency High School is a private middle and high school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.