820 Lime Avenue, Long Beach, CA 90813

  • $2,750,000
  • $336
820 Lime Avenue, Long Beach, CA 90813
  • Residential Income
  • Property Type
  • 5.00
  • Garages
  • 1927
  • Year Built
For Sale
820 Lime Avenue, Long Beach, CA 90813
  • $2,750,000
  • $336

Overview

Property ID: SGR-20319060
  • Residential Income
  • Property Type
  • 5.00
  • Garages
  • 1927
  • Year Built

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 820 Lime Avenue
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90813
  • Area 4 - Downtown Area, Alamitos Beach
  • Country United States

Details

Updated on December 23, 2023 at 1:45 am
  • Property ID: SGR-20319060
  • Price: $2,750,000
  • Land Area: 7501.00 m²
  • Garages: 5.00
  • Year Built: 1927
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 8195.00
  • MLS#: PW23229468
  • Office Name: KELLER WILLIAMS - SANTA MONICA
  • Agent Name: Robert Stepp
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01456379

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 5.00
  • Water Source: Public

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