$1,455,000
SOLD AUG 22, 2024

1845 Maine Ave Long Beach, CA 90806

South Wrigley Neighborhood
2 Beds
10 Baths
4,690 Sq Ft
7,173 Sq Ft Lot

Recently Sold

$310 Per Sq Ft

23% Below List Price

82 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 5-minute walk to Cressa Park

About This Home

As of August 2024

1845 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

Kacey Taormina

Compass Brokerage Phone: 714-323-3200 License #01920673 Listed on: 05/10/2024

Compass

Co-Listed By

Aspen Labrador

Compass Brokerage Phone: 714-323-3200 License #02146663

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

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

Interior Spaces

  • 4,690 Sq Ft Home
  • 2-Story Property
  • Laundry Room

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 149917
  • Property Attached: No
  • Water Sewer Expenses: 190.00
  • Zoning: LBR1N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7202030039
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 310.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7173.00
  • Lot Size Acres: 0.1647

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Sewer, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average Studio Area: 369 Square Feet
  • Garage Income: 100.00
  • Gross Income: 11575.00
  • Gross Scheduled Income: 155376.00
  • Insurance Expense: 4690.00
  • Laundry Income: 100.00
  • Lot Size Area: 7173.0000 Square Feet
  • Net Operating Income: 92845.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 58071.00
  • Rent Control: Yes
  • Total Expenses: 58071.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5730.03
  • Tax Lot: 19
  • Tax Tract Number: 1900
  • TaxOtherAnnualAssessmentAmount: 1955.00

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 For Sale $1,799,000 +23.6% $384 / 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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cody Charnell

    Seller's Agent in 2025

    Cody Charnell

    Sage Real Estate Group, Inc.

    (562) 896-3851

    3 in this area

    52 Total Sales

    Cody Charnell
    Section Image
  • Kacey Taormina

    Seller's Agent in 2024

    Kacey Taormina

    Compass

    (714) 323-3200

    1 in this area

    95 Total Sales

    Kacey Taormina
    Section Image
  • Aspen Labrador

    Seller Co-Listing Agent in 2024

    Aspen Labrador

    Compass

    (949) 463-9892

    1 in this area

    19 Total Sales

    Aspen Labrador
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24084409

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90806 South Wrigley

1845 Maine Ave, Long Beach, CA

This home is located at 1845 Maine Ave, Long Beach, CA 90806 and is currently priced at $1,455,000, approximately $310 per square foot. This property was built in 1923. 1845 Maine Ave is a home located in Los Angeles County with nearby schools including Lafayette Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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