Movoto Real Estate
Sold on 11/25/2024
  • Other
  • Exterior
  • Kitchen
  • Bedroom
  • Entry Way
  • Bath
  • Living
  • Dining

534 Maine Ave, Long Beach, CA 90802

$1,189,000

Last sold 11/25/2024 for $1.18M

  • 7

    bed

  • 6

    bath

  • 2,630

    Sqft ($451/Sqft)

Multi-family not for sale

About 534 Maine Ave

Property type Multi-family
Neighborhood
Year built 1924
HOA fee $0/month
Lot size 5,015 Sqft
Movoto estimate
Property description
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.
Listed by
Listing Agent - John McCann
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: The MLS mls logo
MLS#24-462853 • last updated 1 year ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style Multi/Split
MLS # 24-462853
Type Residential Income
Status Sold
SqFt 2630
Lot Size (SqFt) 5015
Lot Size (Acres) 0.1151
Year Built 1924
Interior
Total # of Baths 6
Total # of Bedrooms 7
Exterior
Parking Desc On Street
Add'l Structures None
Amenities / Utilities
Equipment Cable, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
Location
County Los Angeles
Zoning LBPPD1
APN 7278-020-048
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2700
Unit 1: Projected Rent 2700
Unit 1: # Beds 2
Unit 4: # Beds 1
Unit 1: Rent 1510
Unit 2: Rent 2700
Unit 3: Rent 2600
Unit 4: Rent 900
Unit 2: Furnished No
Unit 2: Projected Rent 2700
Unit 4: Projected Rent 1900
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1.5
Unit 3: # Baths 1
Unit 1: # Baths 2
Unit 4: # Baths 1
Unit 4: Actual Rent 900
Unit 2: Actual Rent 2700
Unit 3: Actual Rent 2600
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 1510
Total # Of Buildings 2
Net Operating Income 62932
Cap Rate 5.12
Vacancy Rate 1
Gross Income 91320
Gross Operating Income 88580
Gross Rent Multiplier 13.51
Total Annual Expenses 25649
$1.18M
Range: $1.07M-$1.3M
Last 30 days 
  • Jan 2025
    mls logo MLS # 24-462853
  • Jan 3, 2025 Sold
    $1,185,000 (-5.2%)
  • Nov 25, 2024 Active
  • Nov 12, 2024 Listed
    $1,250,000 (+31.6%)
  • May 2018
    mls logo MLS # PW18068988
  • May 21, 2018 Sold
    $950,000
  • May 21, 2018 Sold
    $950,000
  • May 16, 2018 Pending
  • Mar 26, 2018 Listed
    $950,000
  • Mar 26, 2018 Listed
    $950,000 (+84.8%)
  • Nov 2008
    mls logo MLS # F1766404
  • Nov 3, 2008 Canceled
  • Apr 28, 2008 Listed
    $514,000
  • Year Property taxes Tax assessment
  • 2024
    $13,908 +1.7%
    $1,059,738 +2.0%
  • 2023
    $13,671 +6.5%
    $1,038,960 +2.0%
  • 2022
    $12,832 +2.0%
    $1,018,589 +2.0%
  • 2021
    $12,577 +0.3%
    $998,618 +1.04%
  • 2020
    $12,546 +59.9%
    $988,380 +2.0%
  • 2018
    $7,844 +1.1%
    $969,000 +64.55%
  • 2017
    $7,760 +7.4%
    $588,873 +2.0%
  • 2016
    $7,223 +4.1%
    $577,328
  • 2015
    $6,938
  • 534 Maine Ave
    $1.18M
  • Downtown Long Beach
    $419K -13% y/y
  • 90802
    $465K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
5/10
4/10
4/10
Source: GreatSchools.org © 2026. All rights reserved.

Around Downtown Long Beach

Explore everything this neighborhood has to offer. Learn more about Downtown Long Beach.
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Long Beach, CA

Nearby homes for sale in Long Beach, CA

Newest listings in 90802

  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90802
  • Downtown Long Beach
  • 534 Maine Ave
Meet with a real estate agent today (844) 430-0869
The multiple listing information is provided by The MLS™. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
The data relating to real estate for sale on this web site comes in part from the Combined L.A./Westside MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Combined L.A./Westside MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 Combined L.A./Westside MLS. All rights reserved.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.