227 Lime Long Beach, CA $ 1,800,000
227 Lime
$ 1,800,000
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227 Lime

Long Beach, CA, 90802
$ 1,800,000
Baths1.0 Sq 3,424

Monthly Estimate*

$ 11,083

Listed by Buckingham Investments, Inc
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,800,000 with 1 full bath. This 3,424 square foot home was built in 1923 on a lot size of 0.0861.

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.

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Multi-Family Active

Price

$ 1,800,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0861

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26098575

Days on Market

9

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1923
Property Subtype Apartment
Gross Income 0
Community Features Urban
County Los Angeles
Net Operating Income 122065
Operating Expense 57575
Insurance Expense 5300
New Construction false
Property Type Residential Income
Contingency Information provided is usually deemed reliable but it is NOT guaranteed accurate by the seller or listing agent. Sellers and seller representatives do not guarantee the accuracy of the square footage lot size bedroom or bathroom count permitted or un-permitted areas of the property laundry hookups rental amounts expenses etc. It is advised that buyers hire a professional inspection to inspect the property and check with the city for any concerns with the property. Buyers to do their own due diligence and verify all city permits and usages.
MaintenanceExpense 9521
Subdivision Name East Village Arts District
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Just North of Broadway East side of Lime.
City Long Beach
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 11
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 3750
Number of Units Leased 11
Listing Terms Cash Cash to New Loan Contract
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1654
Fuel Expense 1654
Trash Expense 1654
Water Sewer Expense 1654
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Total Actual Rent 16703
Property Sub Type Additional Apartment
Taxes 22500
Cap Rate 6.8
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features None
Entry Level 1
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Exterior
Lot Features 11-15 Units/Acre
Water Source Public
Total Parking 2
Lot Size Area 3750
Number of Buildings 1
Building Area Total 3424
Lot Size Acres 0.0861
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11
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* Excluded Features
List By
Buckingham Investments, Inc

Broker

malcolm.zeger@buckinghaminvestments.com

Email

Affordability Calculator

$11,083
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,083
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2026$1,800,000 Listed Price

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227 Lime, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,800,000 with 3,424 sqft and a lot size of 0.0861. 227 Lime is a studio with 1.0 baths and was built in 1923. The property's zip code is 90802 which is in Long Beach, CA