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2364-2370 Lime Ave
Long Beach, CA 90806
2nd Price Reduction! 6.5% Cap 8 Updated Units · Multifamily Property For Sale
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8 Units
Investment Highlights
- 8 Renovated units cash flowing at an incredible 6.5% Cap Rate from day 1!
- 4 Large (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs
- Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses
- Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% interest rate fixed through 01/01/2028
- Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back
Property Facts
| No. Units | 8 | Building Size | 6,440 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1930/2025 |
| Building Class | C | Parking Ratio | 0.62/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R1N, Long Beach - LBR1N | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,440 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2025 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | R1N, Long Beach - LBR1N |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+2 | 4 | - | - |
Property Taxes
| Parcel Number | 7211-009-009 | Improvements Assessment | $925,071 |
| Land Assessment | $557,756 | Total Assessment | $1,482,827 |
Property Taxes
Parcel Number
7211-009-009
Land Assessment
$557,756
Improvements Assessment
$925,071
Total Assessment
$1,482,827
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