421 Maine Avenue
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| Nov 16, 2024 | Listed by Jim Chang Company | $999,900 | |
| Listed by Jim Chang Company | |||
| | |||
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This rare corner lot of 3 is located in City of Long Beach Community Development Area zoned PD-30, a great opportunity to develop this property to multi-units or a PUD or maybe Mixed Use. Potential is Boundless with the City Promoting it's Agenda. For Owner User, a Good Size Lot to add an ADU or a Pool behind a Private Wall. 12/20/2024, Per City one can build a Bed & Breakfast Inn 7 Units with Parking Conditions. Other Options are: a Three Townhouses at 1500 sq ft Max, Parking is Optional, Yes Option or Nine Artist Studios, Live/Work 600 Sq Ft Lofts ( actually a little larger as calculations works out to 5593 lot/600 sq ft min. = 9.32 units. Parking is Optional, Not Required. ) Email Request for Long Beach City Guidelines, you want to follow the middle DOWNTOWN - NEIGHBORHOOD OVERLAY column and under Residential Uses ROW = Artist Studio with Residence and Residential (SFR/PUD/Condos)Height Limit is 80 Feet = 4 stories
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| Dec 13, 2019 | Sold | ||
| Sold | |||
| Aug 14, 2019 | Listed by Century 21 Masters | $590,000 | |
| Listed by Century 21 Masters | |||
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About Downtown Long Beach
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$2,650 /mo
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$2,650 /mo
- 1 Bed
- 1 Bath
- 720 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017