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1845 Maine Ave Long Beach, CA 90806

$1,455,000 Sold Price as of 08/22/2024

2 Beds
12 Baths
4,690 Sq.Ft.

Sold

$1,455,000 Sold Price as of 08/22/2024 Refinance Your Mortgage

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Map preview of 1845 Maine Ave, Long Beach, CA 90806

Property Overview: 1845 Maine Ave Long Beach, CA has 2 bedrooms, 12 bathrooms, 4,690 living square feet and 7,173 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Kacey Taormina | BRE #01920673 | Compass
Co-listed by Aspen Labrador | BRE #02146663 | Compass

Last checked: 3 minutes ago | Last updated: August 24th, 2024 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft: 7,173
HOA Dues: $0/mo
Year built: 1923
Garage: 4 Car
Property Type:: Mixed Use

Status: Sold
MLS#: NP24084409
City: Long Beach
County: Los Angeles
Time on Site: 142 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 12
Total # of Buildings: 1
# of Electric Meters: 1
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Actual Rent: $1,278
Total Rent: --
Pro Forma/Market Rent: $1,650

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $870
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $952
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $900
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Actual Rent: $1,500
Total Rent: --
Pro Forma/Market Rent: $1,650

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $979
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $1,033
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 8

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $979
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 9

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $1,006
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 10

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $952
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 11

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $952
Total Rent: --
Pro Forma/Market Rent: $1,450

Unit Breakdown 12

# of Units: 1
# of Beds: 0
# of Baths: 1
Actual Rent: $979
Total Rent: --
Pro Forma/Market Rent: $1,450

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $155,376
Net Operating Income: $92,845
Gross Operating Income: --
# of Rented Garages: 1
Garage Rental Rate: $100
Garage Rental Income: $100
Laundry Income: $100

Annual Expense Breakdown

Total Operating Expense: $58,071
Trash: $250
Insurance: $4,690
Professional Management: $0
Water/Sewer: $190

Property Details for 1845 Maine Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4

Lot Information

Lot Features: Rectangular Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 12
Parcel Number: 7202030039
Year Built Source: Public Records
Entry Level: 1
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

Has Assessments
Assessments: Unknown

Location / Neighborhood

Location Information

Directions: On Maine North of Pacific Coast Highway, West of Pacific

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 1845 Maine Ave

Last sold for $1,455,000 on August 22nd, 2024

August, 2024
Aug 22, 2024

Date

Sold

CRMLS: NP24084409

$1,455,000

Price
May 10, 2024

Date

Active

CRMLS: NP24084409

$1,900,000

Price
June, 1998
Jun 5, 1998

Date

Sold (Public Records)

Public Records

--

Price
June, 1998
Jun 4, 1998

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1845 Maine Ave

Assessed Value (2020): $75,392

Year	Land Value	Improved Value	Assessed Value
2020	$37,631	$37,761	$75,392

Home Value Compared to the Market

This property vs the competition

1845 Maine Ave sold on August 22, 2024 for 119.66% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $383.58 per/sqft which puts the price per square foot 38.92% lower than the current median sale per square foot for the city of Long Beach.

About 1845 Maine Ave

Detailed summary of property

1845 Maine Ave is a mixed use that recently sold in Long Beach, CA 90806. This mixed use property offered 2 bedrooms, 12 bathrooms, roughly 4,690 living square feet, and sits on an approximately 7,173 square foot lot. 1845 Maine Ave was first listed on ArdentRealEstateGroup.com on April 29, 2024. The homeowner sold the property for $1,455,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 119.66% higher than the current median priced home. Local homes that are currently for sale include 3110 S Normandie, 2007 Pennsylvania Ave and 2015 Pennsylvania Ave. While the average home in Long Beach, CA is selling in 62 days, 1845 Maine Ave has a days on market of 83 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1845 Maine Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1845 Maine Ave

Public county record property details

Beds: 2
Baths: 12
Year built: 1923
Sq. Ft.: 4,690
Lot Size: 7,172
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 7202-030-039

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,900

Median List Price/Sq.Ft.

$531

Median Sold Price

$920,000

Median Sold Price/Sq.Ft.

$534

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.