$ 2,750,000
820 Lime Avenue Long Beach, CA 90813
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 2,750,000
Est. payment /mo
New
820 Lime Avenue Long Beach, CA 90813
8,195 SqFt
UPDATED:
09/09/2024 04:49 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,195 sqft
Price per Sqft $335
Subdivision Alamitos Beach
MLS Listing ID PW-23229468
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
Zoning LBR4R
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer