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$ 1,800,000
Est. payment /mo
Active
227 Lime Long Beach, CA 90802
2 Beds
4 Baths
3,750 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26098575
Bedrooms 2
Lot Size 3,750 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Available again! Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.8X GRM and 6.7% cap rate. Almost all units have been remodeled. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. Three vacancies as of 10/20/26 that are in process of getting filled.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Just North of Broadway, East side of Lime.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7281014010
Acceptable Financing Cash, Land Contract
Listing Terms Cash, Land Contract
Listed by Malcolm Zeger, DRE#02013882 Buckingham Investments, Inc