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820 Lime Ave
Long Beach, CA 90813
5.50% Cap Rate | 11.65 GRM on Actuals · Multifamily Property For Sale
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8 Units
Investment Highlights
- Priced at 5.51% Cap Rate and 11.64 GRM at Current Rents
- Laundry/Storage Room Providing Additional Income Opportunity
- Five (5) Garages Offer the Opportunity for ADU Conversion
- Unique Mix of 5BD, 3BD and 2BD Units
Property Facts
| No. Units | 8 | Building Size | 8,195 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1927 |
| Building Class | B | Parking Ratio | 0.61/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | LBR4R | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 8,195 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | LBR4R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 2 | - | 1,228 |
| 3+1.5 | 2 | - | 1,035 |
| 3+1 | 2 | - | 1,035 |
| 2+1 | 2 | - | 800 |
Property Taxes
| Parcel Number | 7274-021-008 | Improvements Assessment | $891,414 |
| Land Assessment | $1,655,484 | Total Assessment | $2,546,898 |
Property Taxes
Parcel Number
7274-021-008
Land Assessment
$1,655,484
Improvements Assessment
$891,414
Total Assessment
$2,546,898
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