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227 Lime, Long Beach, CA 90802

  • $1,800,000

    •

  • —

    bed

  • —

    bath

Multi-family for sale 27 hours
Movoto is helping 68 homebuyers near you

About 227 Lime

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 3,750 Sqft
Movoto estimate
Rental estimate
Property description
Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.
Listed by
Listing Agent - Malcolm Zeger
Listing Agent Contact: 626-483-7983
Listing Office - Buckingham Investments, Inc
Source: CRMLS mls logo
MLS#SB26098575 • last updated 1 day ago
Movoto checked CRMLS for data 8 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.0861
Lot Size (SqFt) 3750
Year Built 1923
Interior
Laundry None
Exterior
Building Area Square Feet, 3424
# Uncovered Spaces 2
# Parking Spaces 2
Lot Description 11-15 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Urban
Subdivision East Village Arts District, Other (OTHR)
Directions Just North Of Broadway, East Side Of Lime.
APN 7281014010
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 1654
Operating Expense 57575
Cap Rate 6.8
Expense: Insurance 5300
Total Expenses 57575
Expense: Maintenance 9521
Expense: Water/ Sewer 1654
Gross Operating Income 189095
Expense: Electric 1654
Gross Multiplier 9.52
Gross Scheduled Income 189095
Expense: Fuel 1654
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5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Downtown Long Beach

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98/100
Walk
59/100
Family
88/100
Dining
95/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90802
  • Downtown Long Beach
  • 227 Lime

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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