$2,145,000 - 2368 Lime Avenue, Long Beach

  • 0Beds
  • Baths
  • 5,432SQ. Feet
  • 0.15Acres

Check out this aggressively priced cash cow with an actual 6% cap rate and 12.27 GRM on current rents! This two level 6-unit property is turn-key and fully stabilized with 4 three-bedroom, two-bathroom units, and 2 separate one bedroom, one-bathroom units. Each of the three-bedroom units are roomy and spacious with interior laundry and their own one car garage. There is a common area laundry room for the rear one-bedroom units. All of the tenants are Section 8 tenants, making this property recession and moratorium proof, since over 73% of the rent is paid directly by HUD. The price and terms for this building can’t be beat!

Sales Agent

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

Essential Information

  • MLS® #:SB20084703
  • Price:$2,145,000
  • Bathrooms:0.00
  • Square Footage:5,432
  • Acres:0.15
  • Year Built:1930
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:2368 Lime Avenue
  • Area:Poly High (9)
  • Subdivision:Poly High (PH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90806

Amenities

  • Parking Spaces:4
  • # of Garages:4

Interior

  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Level with Street, Lawn, Landscaped

Additional Information

  • Date Listed:May 5th, 2020
  • Days on Market:20
  • Zoning:LBR1N

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Provided By: Danielle Whitney Moore(01715547), Keller Williams Realty.

Based on information from California Regional Multiple Listing Service, Inc. as of May 26th, 2020 at 10:36pm 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.