227 Lime
Long Beach, CA 90802
7
Bed
11
Bath
3,750Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1923Building Area Total: 3424Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 3750 Lot Size Acres: 0.0861 Lot Size Source: Assessor Lot Size Square Feet: 3,750 Lot Description: ElevenToFifteenUnitsAcreProperty Information
Subdivision: East Village Arts District Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 103
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Listing Price Information
Listing Price: $1800000Cash, CashToNewLoan, Contract
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Tax Information
Parcel Number: 7281014010 Tax Lot: 15 Tax Block: 94
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Parking Information
Parking Total: 2
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Location Information
Direction: Just North of Broadway, East side of Lime. WaterSource: Public
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ByOwner last updated this listing 07/23/2026 @ 09:34
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