FOR SALENew Listing
227 Lime
Long Beach, CA 90802
3,750 Lot Sq Ft
Built 1923
$1,800,000
Property 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! Offering memorandum in supplemental materials. One unit is currently vacant.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1923
- Lot size
- 3,750 sq ft
- Parking
- 2 spaces
- Days on market
- 6
- MLS status
- Active
Community, Schools & Utilities
Community
- Subdivision
- East Village Arts District
Location & Neighborhood
Frequently Asked Questions About 227 Lime
Property type: Residential Income
The current asking price is $1,800,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 227 Lime. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1923. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 6 days. Status can change, so verify availability before relying on it.
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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Crown Coastal Support Team
Direct support from our real estate team
Listing Agent
Name: Malcolm Zeger
MLS ID: sbzegemal
