720 Maine Avenue
720 Maine Avenue
$2,589,000
5
10
7,068
7,068
$366
Closed 10/14/20
Description
The Maine Avenue Apartments, an 8 unit apartment building in walking distance to Downtown Long Beach, CA. Maine Avenue Apartments offer an attractive mix of (2) 3-Bedroom 2 Bath, and (6) 2 Bedroom 1 Bath Units. This is an all electric building to decrease utility costs. As well as high speed wi-fi provided to residents for greater satisfaction and occupancy. These spacious units set this property apart with square footage ranging from 850 – 985 SQFT. With 10 garages plus 7 additional parking spaces...The Maine Avenue Apartments, an 8 unit apartment building in walking distance to Downtown Long Beach, CA. Maine Avenue Apartments offer an attractive mix of (2) 3-Bedroom 2 Bath, and (6) 2 Bedroom 1 Bath Units. This is an all electric building to decrease utility costs. As well as high speed wi-fi provided to residents for greater satisfaction and occupancy. These spacious units set this property apart with square footage ranging from 850 – 985 SQFT. With 10 garages plus 7 additional parking spaces and storage areas for potential income, there is ample parking for the property as well as recent renovations including engineered hardwood flooring, fresh paint, and stainless steel appliances. Situated on a cul de sac cuts down on traffic, noise and is safe for tenants to enjoy. All New Energy efficient upgrades and low pressure aerated shower and faucets. Located in the Wilmore District, the building has easy access to freeways. The investment has potential for a 5.8%+ Cap Rate and a 12.6 GRM on market rents. It is 100% occupied with no section 8 tenants. The property has recent renovations including engineered hardwood flooring, fresh paint, and stainless steel appliances.
- Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group
Property Details for 720 Maine Avenue
Parking Spaces Total
17
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourceAssessor
Living Area7068
Assessor Parcel Number7271-023-023
Property Attached YNtrue
Location
LISTING UPDATED: 10/18/2020 10:04 PM
Property Details for 720 Maine Avenue
Status | Closed |
---|---|
MLS # | PW20011004 |
Days on Market | 192 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1965 |
Lot Size | 0.17 AC / 7,556 SF |
County | Los Angeles County |
Location
Building Information for 720 Maine Avenue
Stories2Residences-Year Built1965Building Size-Lot Size0.17 AC / 7,556 SF
Payment Calculator
$16,939 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 720 Maine Avenue
Property History for 720 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 720 Maine Avenue
Taxable ValueLand$1,675,044Additions$900,766Total$2,575,810
Tax Record2023$33,725 ($2,810 / month)
Home Facts
Total Finished SqFt7,068 SqFtAbove Grade Finished SqFt7,068 SqFtLot Size7,556 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLBPD10CountyLOS ANGELESAPN7271-023-023
Schools near 720 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 |
---|---|---|
Edison 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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