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5320-5334 Lime Ave 11 Unit Apartment Building $2,375,000 ($215,909/Unit) 4.08% Cap Rate Long Beach, CA 90805
INVESTMENT HIGHLIGHTS
- Beautifully Maintained property Beautifully Maintained property with 11 parking spaces, 3 single car garages, 3 single car garages and Laundry Room
- Two Seperat Parcels with one building on each. Rents below market with long term month to month tenants.
EXECUTIVE SUMMARY
Make all offers Subject to Interior Inspection. Please do not disturb tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$134,000
|
$22.16
|
| Other Income |
$2,400
|
$0.40
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,400
|
$22.55
|
| Taxes |
$11,047
|
$1.83
|
| Operating Expenses |
$26,329
|
$4.35
|
| Total Expenses |
$37,376
|
$6.18
|
| Net Operating Income |
$99,024
|
$16.37
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $134,000 |
| Annual Per SF | $22.16 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.40 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $136,400 |
| Annual Per SF | $22.55 |
| Taxes | |
|---|---|
| Annual | $11,047 |
| Annual Per SF | $1.83 |
| Operating Expenses | |
|---|---|
| Annual | $26,329 |
| Annual Per SF | $4.35 |
| Total Expenses | |
|---|---|
| Annual | $37,376 |
| Annual Per SF | $6.18 |
| Net Operating Income | |
|---|---|
| Annual | $99,024 |
| Annual Per SF | $16.37 |
PROPERTY FACTS
| Price | $2,375,000 | Apartment Style | Low-Rise |
| Price Per Unit | $215,909 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.08% | Building Size | 6,048 SF |
| Gross Rent Multiplier | 17.9 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | LBR2N | ||
| Price | $2,375,000 |
| Price Per Unit | $215,909 |
| Sale Type | Investment |
| Cap Rate | 4.08% |
| Gross Rent Multiplier | 17.9 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | LBR2N |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Gated
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $739,721 (2025) | |
| Land Assessment | $144,050 (2025) | Annual Taxes | $11,047 ($1.83/SF) |
| Improvements Assessment | $595,671 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$144,050 (2025)
Improvements Assessment
$595,671 (2025)
Total Assessment
$739,721 (2025)
Annual Taxes
$11,047 ($1.83/SF)
Tax Year
2024
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5320-5334 Lime Ave
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