227 Lime, Long Beach, CA — listing photo 1
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FOR SALE

227 Lime

Long Beach, CA 90802
3,750 Lot Sq Ft
Built 1923
$1,800,000

Property Overview

Available again! 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 9.8X GRM and 6.7% cap rate. Almost all units have been remodeled. 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. Three vacancies as of 10/20/26 that are in process of getting filled.

Home Details

Property type
Residential Income - Apartment
Year built
1923
Lot size
3,750 sq ft
Parking
2 spaces
Stories
2
Days on market
132
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Eleven To Fifteen Units Acre

Community, Schools & Utilities

Community

Subdivision
East Village Arts District

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

227 Lime

Long Beach, CA 90802

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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 132 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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Listing Agent

Name: Malcolm Zeger
MLS ID: sbzegemal

Available property

$1,800,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.