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Property Description

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.

Features
2
1
: Common Area
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: Sidewalks
Additional Information
Keller Williams - Santa Monica
0
PSTEPROB
PB20859
Robert
7274021008
: Standard
5
Two
25

Multi-Family For Sale

820 Lime Avenue, Long Beach, California 90813

8,195 Sqft
$2,750,000
Listing ID #PW23229468
Basic Details
Status : Active
DaysOnMarket : 252
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW23229468
Price : $2,750,000
Living Area : 8,195 Sqft
Lot Size : 7,501 Sqft
Year Built : 1927
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $336
Subdivision : Alamitos Beach (AB)
ModificationTimestamp : 2024-08-30 09:34:03
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