1845 Maine Avenue

1845 Maine Avenue

Long Beach, CA 90806

$1,900,000
Price
2
Beds
12
Baths
4,690 Sq. Ft.
$405 / Sq. Ft.
4,690
Sq. Ft.
$405
per Sq. Ft.

Listed By Compass

Listed By Compass

Description

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 Downtown Long Beach, Pine Avenue, and The Shoreline Village. Access to commuting freeways and core job markets continues to make this location irreplaceable. A future investor...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 Downtown Long Beach, Pine Avenue, and The Shoreline 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.

Listing Agents

  1. Kacey Taormina

    Kacey Taormina

    Listing Agent

    Compass

    DRE #01920673

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  2. Aspen Labrador

    Aspen Labrador

    Alternative Listing Agent

    Compass

    DRE #02146663

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Property Details for 1845 Maine Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
12.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4690
Assessor Parcel Number
7202-030-039
Property Attached YN
false

Location

Listing Courtesy of Compass, Kacey Taormina, DRE #01920673; Compass, Aspen Labrador, DRE #02146663
Add your commute
LISTING UPDATED: 05/10/2024 04:17 AM

Property Details for 1845 Maine Avenue

StatusActive
MLS #NP24084409
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.16 AC / 7,173 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kacey Taormina, DRE #01920673; Compass, Aspen Labrador, DRE #02146663
Add your commute

Building Information for 1845 Maine Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.16 AC / 7,173 SF

Payment Calculator

$10,614 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$245

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1845 Maine Avenue

Rental Info
Rental Info
  • Tenant Pays: Sewer, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $11,575
  • Gross Scheduled Income: $155,376
  • Net Operating Income: $92,845
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $100
  • Garage Income: $100
  • Laundry Income: $100
Expense Details
  • Operating Expense: $58,071
  • Insurance Expense: $4,690
  • Professional Management Expense: $0
  • Trash Expense: $250
  • Water Sewer Expense: $190
  • Total Expenses: $58,071
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 1900
  • Tax Census Tract: 5730.03
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,278
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $870
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $952
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $900
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,500
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 2
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $979
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,033
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 4
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $979
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 5
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,006
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 6
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $952
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 7
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $952
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 8
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $979
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1845 Maine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1845 Maine Avenue

Taxable ValueLand$39,555Additions$39,616Total$79,171
Tax Record2023$2,940 ($245 / month)
Home Facts
Total Finished SqFt4,690 SqFtAbove Grade Finished SqFt4,690 SqFtLot Size7,173 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR1NCountyLOS ANGELESAPN7202-030-039

Schools near 1845 Maine Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Lafayette Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Cabrillo High School
Public - 9 to 12
Educational Partnership High School
Public - 9 to 12
Rating
School
Distance
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
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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More information about 1845 Maine Avenue, Long Beach, CA 90806

1845 Maine Avenue is a mixed use property for sale in Long Beach, CA 90806. This property was listed for sale on May 10, 2024 by Compass, it's currently listed at $1,900,000. This listing's school district is Long Beach Unified School District. Nearby schools include Lafayette Elementary School, Washington Middle School and Cabrillo High School. 1845 Maine Avenue is a 2-bed, 12-bath, 4,690 sqft mixed use property built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kacey Taormina, DRE #01920673; Compass, Aspen Labrador, DRE #02146663

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.