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227 Lime Ave

Long Beach CA 90802

2
4
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.

Happy sellers in Long Beach

<50%
Less than 50% of sellers in Long Beach reported that their sale price either exceeded or met their price expectations.

Long Beach stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Long Beach over the last 12 months.

Local market activity for 2 bedroom multi families in Long Beach

In the last 12 months, 5 two-bedroom multi families similar to 227 Lime Ave, have been sold.

This represents a 400% decrease in two-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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