820 Lime Avenue, Long Beach, CA 90813
- $2,750,000
- $336
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.
Address
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Address: 820 Lime Avenue
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City: Long Beach
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State/county: CA
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Zip/Postal Code: 90813
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Area: 4 - Downtown Area, Alamitos Beach
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Country: United States
Details
Updated on December 23, 2023 at 1:45 am-
Property ID SGR-20319060
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Price $2,750,000
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Land Area 7501.00 m²
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Garages 5.00
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Year Built 1927
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Property Type Residential Income
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Property Status For Sale
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Living Area 8195.00
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MLS# PW23229468
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Office Name KELLER WILLIAMS - SANTA MONICA
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Agent Name Robert Stepp
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01456379
Additional details
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Sewer Public Sewer
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County Los Angeles
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Property SubType Commercial/Residential
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Parking 5.00
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Water Source Public
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