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820 Lime AVE Long Beach, CA 90813
7,501 Sqft Lot
UPDATED:
08/30/2024 04:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23229468
Originating Board California Regional MLS
Year Built 1927
Lot Size 7,501 Sqft
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Laundry Area
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 7274021008
Special Listing Condition Not Applicable
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Listed by Robert Stepp • Keller Williams - Santa Monica