Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

11

Building size

3,424 sqft

Lot size

3,750 sqft

Year built

1923

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

124

MLS #

247895219

About this property

Available again! 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. Almost all units have been remodeled. 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. Three vacancies as of 10/20/26 that are in process of getting filled.

Location

227 Lime

Long Beach, Los Angeles, CA, 90802