This Multifamily Property is no longer advertised on LoopNet.com.

2368 Lime Ave
Long Beach, CA 90806
Multifamily Property For Sale · 6 Units

Investment Highlights

  • Actual 6% cap rate!
  • Recession and moratorium proof, since over 73% of the rent is paid directly by HUD.
  • 12.27 GRM on current rents!

Property Facts

No. Units 6
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 1930
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 2 $1,518 -
3+2 4 $2,928 -

Property Taxes

Property Taxes

Parcel Number
7211-009-009
Land Assessment
$557,756
Improvements Assessment
$925,071
Total Assessment
$1,482,827
  • Listing ID: 18958805

  • Date on Market: 3/23/2020

  • Last Updated:

  • Address: 2368 Lime Ave, Long Beach, CA 90806

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