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Sold for $1,185,000
  • $1,185,000

    534 Maine Ave, Long Beach, CA 90802

    7beds
    6baths
    2,630sqft
    Multi Family
    Built in 1924
    -- sqft lot
    $1,177,100 Zestimate®
    $451/sqft
    $2,798 Estimated rent

    Home value

    $1,177,100

    $1.06M - $1.31M

    $2,798/mo

    Zestimate® history
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    $2,798/mo

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    $2,798/mo

    Rent Zestimate®

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    $7,668/mo

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    $7,668/mo

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    What's special

    Updated landscapingMove-in-ready atmosphereModern renovationsLow-maintenance upkeep
    534 Maine Ave is a 4-unit building, originally built in 1924. This property comprises (3) spacious 2-bedroom units, each approximately 725 square feet, and (1) 1-bedroom unit at 460 square feet. One of the 2-bedroom units are currently vacant offering opportunity for a owner-user. Additionally, there is a 30% potential rental upside, providing an excellent opportunity for income growth with market adjustments. The property has been meticulously maintained and upgraded, reducing the need for substantial capital expenditures. The owner has undertaken significant improvements, including modern renovations to all units, creating a fresh, move-in-ready atmosphere. Updated landscaping enhances the curb appeal and ensures low-maintenance upkeep for future ownership. Each unit is individually metered, the owner covers water and sewer costs, while tenants are responsible for gas, trash, and electricity. This is a perfect fit for an investor or owner-user looking for a turnkey, well-located property with major capital improvements already completed, offering immediate cash flow and future upside potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    John 'Jack' McCann DRE # 01963932 310-408-0121,

    Lyon Stahl Investment Real Estate, Inc. 310-425-9838

    Bought with:

    Michael Padilla, DRE # 01993341

    Lyon Stahl Investment Real Estate, Inc.

    Source: CLAW,MLS#: 24-462853MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    Heating
    • Wall Gas
    Cooling
    • Air Conditioning
    Appliances
    • Included: Dishwasher, Dryer, Exhaust Fan, Microwave, Range/Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Ceiling Fan(s)
    Interior area
    • Total structure area: 2,630
    • Total interior livable area: 2,630 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Multi/Split
    • Stories: 2
    Lot
    • Size: 5,013 Square Feet
    Details
    • Additional structures: None
    • Parcel number: 7278020048
    • Zoning: LBPPD1
    • Special conditions: Standard
    • Other equipment: Cable

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1924

    Community & HOA

    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $451/sqft
    • Tax assessed value: $1,038,960
    • Annual tax amount: $14,509
    • Date on market: 11/12/2024

    Price history

    DateEventPrice
    1/3/2025Sold$1,185,000-5.2%$451/sqft
    Source: CLAW #24-462853 Report a problem
    11/25/2024Contingent$1,250,000$475/sqft
    Source: CLAW #24-462853 Report a problem
    11/12/2024Listed for sale$1,250,000+31.6%$475/sqft
    Source: CLAW #24-462853 Report a problem
    5/18/2018Sold$950,000+71.2%$361/sqft
    Source: Public Record Report a problem
    7/22/2015Listing removed$1,375$1/sqft
    Source: Safeguard Equities Inc. Report a problem
    7/2/2015Listed for rent$1,375+19.6%$1/sqft
    Source: Safeguard Equities Inc. Report a problem
    12/8/2014Listing removed$1,150
    Source: Safeguard Equities Inc. Report a problem
    11/20/2014Listed for rent$1,150+5%
    Source: Safeguard Equities Inc. Report a problem
    12/13/2013Listing removed$1,095
    Source: Safeguard Equities Inc. Report a problem
    12/6/2013Price change$1,095-12.4%
    Source: Safeguard Equities Inc. Report a problem
    9/24/2013Price change$1,250-9.1%
    Source: Safeguard Equities Inc. Report a problem
    4/4/2013Listed for rent$1,375$1/sqft
    Source: Safeguard Equities Inc. Report a problem
    2/22/2013Sold$555,000+77.6%$211/sqft
    Source: Public Record Report a problem
    5/11/2009Sold$312,500-26.7%$119/sqft
    Source: Public Record Report a problem
    10/31/2008Sold$426,430-17%$162/sqft
    Source: Public Record Report a problem
    8/23/2008Listed for sale$514,000+51300%$195/sqft
    Source: Listhub #F1766404 Report a problem
    1/28/2008Sold$1,000-99.5%
    Source: Public Record Report a problem
    3/19/2001Sold$200,000$76/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,509 +4.3%$1,080,932 +2%
    2024$13,908 +1.7%$1,059,738 +2%
    2023$13,671 +6.5%$1,038,960 +2%
    2022$12,832 +2%$1,018,589 +2%
    2021$12,577 +0.3%$998,618 +1%
    2020$12,546 $988,380 +2%
    2019$12,546 +59.9%$969,000 +61.3%
    2018$7,844 $600,650 +2%
    2017$7,844 +1.1%$588,873 +2%
    2016$7,760 +7.4%$577,328 +1.5%
    2015$7,223 +4.6%$568,657 +2%
    2014$6,904 $557,519 +74%
    2012-- $320,385 +2%
    2011-- $314,104 +0.8%
    2010-- $311,758 -22.1%
    2009-- $400,000 -33.9%
    2006-- $605,000 +174.5%
    2005-- $220,413 +4%
    2004-- $211,856 +3.9%
    2002-- $203,898 +79.6%
    2000-- $113,522
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,177,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,177,100