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Property Description

Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.

Features
: Wall Furnace
2
0
Additional Information
Global Platinum Properties, Inc.
0
CLW-C120232
CLW-X82397
Armin
7211009009
: Standard
Two
32

Multi-Family For Sale

2370 Lime Avenue, Long Beach, California 90806

6,440 Sqft
$2,890,000
Listing ID #25587765
Basic Details
Status : Active
DaysOnMarket : 12
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25587765
Price : $2,890,000
Living Area : 6,440 Sqft
Lot Size : 6,427 Sqft
Year Built : 1930
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90806
Price Per Square Foot : $449
ModificationTimestamp : 2025-09-12 05:23:56
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