Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
2 in South Wrigley
$670,000 Price Range
1845 Maine Ave Long Beach, CA 90806
South Wrigley Neighborhood
2
Beds
10
Baths
4,690
Sq Ft
7,173
Sq Ft Lot
Highlights
- Laundry Facilities
- Rectangular Lot
- 5-minute walk to Cressa Park
About This Home
As of August 20241845 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.
Last Agent to Sell the Property
Compass Brokerage Phone: 714-323-3200 License #01920673 Listed on: 05/10/2024
Co-Listed By
Aspen Labrador
Compass Brokerage Phone: 714-323-3200 License #02146663
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,173 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,690 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 10 Bathrooms
Listing and Financial Details
- Tenant pays for sewer, trash collection, water
- Legal Lot and Block 19 / 2
- Tax Tract Number 1900
- Assessor Parcel Number 7202030039
- $1,955 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $4,690
- Trash Expense $250
- Water Sewer Expense $190
- Operating Expense $58,071
- Gross Income $11,575
- Net Operating Income $92,845
Additional Features
- 12 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
Aug 14, 2024
Sold by
Mendell John P and Speer Julia
Bought by
Seller's Agent
Kacey Taormina
Compass
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,900,000
Sold Price
$1,455,000
Premium/Discount to List
-$445,000
-23.42%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,164,000
Interest Rate
6.89%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 3, 1998
Sold by
Maude A Bridges Ust Trust and Julia Speer
Bought by
Mendell Julia Speer and Maude A Bridges Revocable Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wrigley, CA
-
Ramon Sanchez
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
123 Total Sales
2 in South Wrigley
$675K - $850K Price Range
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in South Wrigley
$975,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
3 in South Wrigley
$790,000 Price Range
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
46 Total Sales
1 in South Wrigley
$769,000 Price
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
137 Total Sales
1 in South Wrigley
$865,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,455,000 | Fidelity National Title | ||
| Mendell Julia Speer | -- | -- | |
| Mendell John P | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $930,000 | ||
| Closed | Abode Multifamily Opportunity Fund I Llc | $1,164,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2024 08/22/24 | Sold | $1,455,000 | -19.1% | $310 / Sq Ft |
| 08/01/2024 08/01/24 | Pending | -- | -- | -- |
| 05/31/2024 05/31/24 | Price Changed | $1,799,000 | -5.3% | $384 / Sq Ft |
| 05/10/2024 05/10/24 | For Sale | $1,900,000 | -- | $405 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $20,628 | $1,484,100 | $591,600 | $892,500 |
| 2025 | $20,628 | $1,455,000 | $580,000 | $875,000 |
| 2024 | $3,021 | $79,244 | $40,346 | $38,898 |
| 2023 | $2,940 | $77,691 | $39,555 | $38,136 |
| 2022 | $2,809 | $76,169 | $38,780 | $37,389 |
| 2021 | $2,692 | $74,676 | $38,020 | $36,656 |
| 2019 | $2,653 | $73,944 | $36,894 | $37,050 |
| 2018 | $2,485 | $72,524 | $36,171 | $36,353 |
| 2016 | $2,302 | $68,287 | $34,767 | $33,520 |
| 2015 | $2,247 | $67,262 | $34,245 | $33,017 |
| 2014 | $2,307 | $65,946 | $33,575 | $32,371 |
Source: Public Records
Agents Affiliated with this Home
-
Kacey Taormina
Seller's Agent in 2024
Kacey Taormina
Compass
(714) 323-3200
1 in this area
78 Total Sales
-
AL
Seller Co-Listing Agent in 2024
Aspen Labrador
Compass
-
Cody Charnell
Buyer's Agent in 2024
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
2 in this area
53 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24084409
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or 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
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