820 Lime Avenue, Long Beach, CA 90813

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Property Description

820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and 11.64 GRM at current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a ±10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 820 Lime Avenue
City Long Beach
State CA
Zip 90813
County Los Angeles
Listing Agent Robert Stepp DRE #01456379
Courtesy Of Keller Williams - Santa Monica
List Price $2,750,000
Status Active
Type Residential Income
Subtype Mixed Use
Structure Size N/A
Lot Size 7,501
Year Built 1927

Listing information courtesy of: Robert Stepp, Keller Williams - Santa Monica. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.