823 Maine

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823 Maine

Long Beach, CA 90813
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential multifamily building featuring two distinct housing units.
  • Property is situated in the city of Long Beach.
  • Located within the Southern California coastal metropolitan housing market.
  • Asset provides an efficient option for residential income investment.
  • Site offers proximity to regional employment and transit corridors.

What's Special

This two-unit multifamily apartment building at 823 Maine offers a functional residential investment in Long Beach. Situated within the dense urban fabric of the coastal Los Angeles metropolitan area, the property serves as a stable asset in a market characterized by high housing demand and consistent renter turnover. Long Beach maintains a robust economy supported by its major port operations and proximity to broader Southern California industrial and commercial hubs, ensuring a deep pool of potential tenants for this residential asset. The layout provides efficient living spaces suitable for individual renters or small households seeking access to the region's diverse employment opportunities and local transit infrastructure. Given the structure's scale, the building presents an opportunity for investors to acquire a manageable residential holding in an established Southern California neighborhood. The property functions well for long-term hold strategies aimed at residential income generation within this vibrant coastal city.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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