$ 2,750,000
820 Lime Avenue Long Beach, CA 90813
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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 2,750,000
Est. payment /mo
Active
820 Lime Avenue Long Beach, CA 90813
8,195 SqFt
UPDATED:
08/31/2024 12:07 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,195 sqft
Price per Sqft $335
MLS Listing ID CRPW23229468
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
Laundry Other
Building
Water Public
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