$2,750,000 - 820 Lime Avenue, Long Beach

  • 13Beds
  • 6Baths
  • 0SQ. Feet
  • 0.17Acres

820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and 11.64 GRM at current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a ±10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.

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Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW23229468
  • Price:$2,750,000
  • Bedrooms:13
  • Bathrooms:6.00
  • Acres:0.17
  • Year Built:1927
  • Type:Residential Income
  • Sub-Type:Mixed Use
  • Status:Active
  • Listing Agent:Robert Stepp
  • Listing Office:Keller Williams - Santa Monica

Community Information

  • Address:820 Lime Avenue
  • Area:4 - Downtown Area, Alamitos Beach
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90813

Amenities

  • Parking Spaces:5
  • # of Garages:5
  • Pool:None

Interior

  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:6-10 Units/Acre

Additional Information

  • Date Listed:December 22nd, 2023
  • Days on Market:131
  • Zoning:LBR4R

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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 10:40pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.