227 Lime Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,800,000 USD
310-982-7055
227 Lime Ave, Long Beach, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/14
null | 6.78% Cap Rate

227 Lime Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Priced to sell at only $163k per door
  • Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate
  • Located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining

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!

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$524 USD /SF

# OF UNITS

11

PRICE/UNIT

$163,636

CAP RATE

6.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,751 SF

ZONING

LBPD30

APN/PARCEL ID

7281-014-010

ASK ABOUT THIS PROPERTY

Malcolm ZegerBuckingham InvestmentsMore Info
310-982-7055

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Malcolm ZegerBuckingham InvestmentsMore Info
310-982-7055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.