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Listed by: Malcolm Zeger (626) 483-7983 DRE #02013882 | Buckingham Investments, Inc (310) 982-7055
$1,800,000
7 Beds
11 Baths
--sqft
227 Lime, Long Beach, CA 90802
$1,800,000
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Apartment
Built in 1923
$-- HOA
3,750 sqft lot
--/sqft
Description
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.
- Houzeo last checked: 42 minutes ago
- Listing updated: May 12, 2026 at 5:27 pm
- Source: California Regional MLS-CA | MLS#: SB26098575
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
- sqft
Lot Size
3,750 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26098575
MLS Status
Active
Days on Market
76
Cumulative Days on Market
6
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
