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227 Lime Ave
Long Beach, CA 90802 Downtown Long Beach

$1,800,000 USD

Apartments For Sale  •  3,434 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,434 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1923
  • Zoning LBPD30
70 Transit Score
90 Walk Score

Highlights

Priced to sell at only $163k per door
Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate
Located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining

Public Transportation

Transit/SubwayDriveWalkDistance
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 8 min 0.4 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 11 min 0.6 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.6 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.7 mi
John Wayne/Orange County 33 min - 21.0 mi
Los Angeles International 34 min - 22.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Malcolm Zeger 310-982-7055 Buckingham Investments
Malcolm Zeger 310-982-7055 Buckingham Investments