227 Lime Ave

Long Beach CA 90802

3750 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 9.52X GRM and 6.8% cap rate. 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. One unit is currently vacant.

Features

2 bedrooms

4 bathrooms

3750 sq. ft. lot size

Multi-Family

Property history for 227 Lime Ave

2023

Sold

$2,500,000

21 Jul 2023 by Anthony Walker, of Buckingham Investments, Inc.

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