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Listed by Malcolm Zeger, DRE #02013882 • Buckingham Investments, Inc
$ 1,800,000
Est. payment /mo
Active
227 Lime Long Beach, CA 90802
3,750 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26098575
Year Built 1923
Lot Size 3,750 Sqft
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry None
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 7281014010
Special Listing Condition Not Applicable
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