Great investment opportunity in the Wrigley neighborhood of Long Beach! This 12-unit property offers 30%+ upside in rental income and is surrounded by primarily single-family homes, making street parking more accessible. The property includes four garage spaces, providing potential for ADU conversions to increase cash flow.
Three units can be delivered vacant at close of escrow. Additional income streams include an on-site coin-operated laundry room. There is potential to implement RUBS to further boost cash flow.
Priced competitively at $149,917 per unit, this is an excellent value in a strong rental market. Don't miss out on this high-potential asset!
For sale
Listing Provided by:
Cody Charnell DRE #01950585 562-896-3851,
Sage Real Estate Group, Inc.
$1,799,000
1845 Maine Ave, Long Beach, CA 90806
--beds
--baths
4,690sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$384/sqft
$-- HOA
What's special
Four garage spaces
- 91 days
- on Zillow |
- 54 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 05, 2025 at 05:56am
Listing Provided by:
Cody Charnell DRE #01950585 562-896-3851,
Sage Real Estate Group, Inc.
Source: CRMLS,MLS#: PW25059042
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,690
- Total interior livable area: 4,690 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Entry location: Courtyard
- Pool features: None
Lot
- Size: 7,173 Square Feet
- Features: 11-15 Units/Acre
Details
- Parcel number: 7202030039
- Zoning: LBR1N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $384/sqft
- Date on market: 3/20/2025
- Listing terms: Cash,Cash to New Loan
- Loading
- Loading