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1035-1039 Lime Ave
Long Beach, CA 90813 Downtown Long Beach

$2,000,000 USD

Apartments For Sale • 6,384 SF

Property Details

Property Type Apartments
Total Building Size 6,384 SF
Lot Size 0.15 AC
Building Class C
Year Built 1924
Cap Rate 5.57 %
Zoning R4R, Long Beach

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                10 Units | 6,384 SF: Mix of studio, 1-bed, and 2-bed layouts.
                            
                                Extensively Renovated: Down-to-the-studs upgrades with new kitchens, baths, copper plumbing, and electrical.
                            
                                Extra Income: On-site laundry facility and 5 garage parking spaces.
                            
                                Prime Location: Minutes to Downtown Long Beach, East Village Arts District, and the waterfront.
                            
                                Secure Community: Gated entry featuring a central resident courtyard.
                            
                                Turnkey Investment: Substantial capital improvements minimize future maintenance and CapEx.

Financial Summary (Actual)

Net Operating Income: $111,413 USD (2026)

Cap Rate:	5.57 %
Total Expenses:	$66,267 USD

Amenities

Controlled Access
Laundry Facilities

Public Transportation

Transit/Subway	Drive	Walk	Distance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	9 min	0.4 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	14 min	0.7 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	10 min	-	4.1 mi
John Wayne/Orange County	32 min	-	21.1 mi
Los Angeles International	32 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	OneCarGarage
Included in Rent:	Yes

Tyler Leeson 714-713-9086 Marcus & Millichap

1035-1039 Lime Ave Long Beach, CA 90813 Downtown Long Beach