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729 Lime Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
13 Units
Property Facts
| No. Units | 13 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 6,696 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | R4R, Long Beach | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,696 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | R4R, Long Beach |
Amenities
Site Amenities
- Laundry Facilities
About 729 LIME AVE , LONG BEACH, CA 90813
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 729 Lime Avenue, a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Specifically, the property is located just a short walk to Downtown Long Beach and minutes to Alamitos Beach. The 6,696 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Built in 1923, the property offers amenities including single-story construction with gated entry and on-site laundry. With in-place rents approximately 28 percent below market rates, 729 Lime Avenue represents an attractive value-add opportunity.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $912.50 | 395 |
| 1+1 | 7 | $1,023 | 495 |
| 2+1 | 1 | $1,300 | 750 |
| 3+1 | 1 | $1,365 | 900 |
Property Taxes
| Parcel Number | 7274-017-029 | Improvements Assessment | $702,774 |
| Land Assessment | $1,639,810 | Total Assessment | $2,342,584 |
Property Taxes
Parcel Number
7274-017-029
Land Assessment
$1,639,810
Improvements Assessment
$702,774
Total Assessment
$2,342,584
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