534-540 Maine Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Building Size | 2,850 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | Parking Ratio | 1.05/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | D1, Long Beach | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,850 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | D1, Long Beach |
About 534-540 MAINE AVE , LONG BEACH, CA 90802
We are pleased to present a 4 unit apartment building located at 534 Maine Avenue in Long Beach, California. Built in 1924, the subject property consists of 2,016 rentable square feet spread throughout a 5,015 square foot lot. There are three 2 bedroom / 1 bathroom units and one studio unit. It has a pitched roof and is also separately metered for gas and electricity which helps keep expenses to a minimum. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living just five blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi-family residential unit. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $850.00 | - |
| 2+2 | 3 | $1,420 | - |
Property Taxes
| Parcel Number | 7278-020-048 | Improvements Assessment | $324,278 |
| Land Assessment | $756,654 | Total Assessment | $1,080,932 |
Property Taxes
