534 Maine Ave Long Beach, CA 90802

This meticulously maintained 4-unit apartment building in Long Beach, CA, presents a compelling investment opportunity. Built in 1924 and extensively renovated in 2022, the property boasts two buildings on a 5,015 sq ft lot, featuring three spacious 2-bedroom units (approx. 725 sq ft each) and one 1-bedroom unit (460 sq ft). Currently operating at 75% occupancy, the property generates a $64,060 NOI, with a pro-forma NOI of $89,891, representing a significant potential for rental income growth (30% upside). The asking price is $1,250,000 ($312,500 per unit), translating to a current cap rate of 5.12% and a pro-forma cap rate of 7.19%. Individual unit meters are in place, with the owner covering water and sewer