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Backup Offers

534 Maine Ave, Long Beach, CA, 90802

$1,250,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
6 Baths
2,630 SqFt
$475/SqFt
House

Location

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534 Maine Ave, Long Beach$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Street
Year Built1924
MLS #24462853
Lot Size0.12 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 534 Maine Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 2
  • Living Area: 2,630 SqFt

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: John McCann

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: Maine Avenue & 6th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $475/SqFt

Tax Information:

  • Annual Amount: $12,577
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

534 Maine Ave vs Long Beach

35 DAYS ON ROCKET

-0 Day

$1,250,000

+$424.8K More

$475/SqFt

-$159 Less

KEY TAKEAWAY

This property is $424.8K more than the Median Sold Price and $159/SqFt less than other homes in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24462853

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: John McCann

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 18, 2018Home Sold
$950,000
Feb 22, 2013Home Sold
$555,000
May 11, 2009Home Sold
$312,500
Sep 16, 2005Home Sold
$800,000
Mar 19, 2001Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,577$998,618
2020$12,398$988,380
2019$7,843$969,000
2018$7,760$600,650
2017$7,760$588,873

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4364259
6
/10

  • Edison Elementary School

  • 625 Maine Ave

  • 0.07 miles

  • Public District Grades KG-5

school-card-donut-4364260
3
/10

  • Chavez Elementary School

  • 730 W 3rd St

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-4364261
5
/10

  • Oropeza Elementary School

  • 700 Locust Ave

  • 0.59 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,551. The majority of Long Beach, CA residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 534 Maine Ave

What is the listing price of this property?

The listing price of 534 Maine Ave property is $1,250,000.

What type of property is this?

The property 534 Maine Ave is a house located in Long Beach, California, 90802.

Is this property for sale now?

Accepting Backup Offers: 534 Maine Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,577 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 18, 2018 for $950,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 534 Maine Ave has 7 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 534 Maine Ave is 2,630 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 534 Maine Ave is 1924.

Rocket Homes›California›Los Angeles County›Long Beach›90802›534 Maine Ave

This home is located at 534 Maine Ave in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. This 2,630 square foot home, which was built in 1924, sits on a 0.12 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,250,000.

While more than 66 listings in Long Beach, CA in November 2024 were sold above asking price, there were more than 32 listings sold at asking price, and more than 64 were sold below. The number of listings in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $825,128, while the average time on the real estate market was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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