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2370 Lime Ave, Long Beach, CA 90806

$2,437,500
Last sold 11/25/2025 after 7 Days
16
bed
12
bath
6,440
Sqft ($378/Sqft)

Multi-family not for sale

Movoto is helping 68 homebuyers near you

About 2370 Lime Ave

Property type Multi-family

Neighborhood

Year built 1930

HOA fee $0/month

Lot size 6,427 Sqft

Property description

2nd Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.5% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.

Listed by

Listing Agent - Armin Soleimani

Listing Office - Global Platinum Properties, Inc.

Source: The MLS

MLS#25619789 • last updated 6 months ago

Movoto checked The MLS for data 7 minutes ago

Overview
Levels/Style	Two
MLS #	25619789
Type	Residential Income
Status	Sold
SqFt	6440
Lot Size (SqFt)	6427
Lot Size (Acres)	0.1475
Year Built	1930

Interior
Total # of Baths	12
Total # of Bedrooms	16

Exterior
# Parking Spaces	4
Parking Desc	None
Add'l Structures	None

Amenities / Utilities
Equipment	Microwave, Refrigerator, Range/Oven

Location
County	Los Angeles
Zoning	LBR1N
APN	7211-009-009

Multifamily Details
Unit 5: # Baths	1, 1
Unit 8: Furnished	No
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 6: Furnished	No
Unit 7: Furnished	No
Unit 4: Furnished	No
Unit 5: Furnished	No
Unit 8: Projected Rent	2495
Unit 3: Projected Rent	3395
Unit 1: Projected Rent	3395
Unit 7: Projected Rent	2495
Unit 7: # Baths	1
Unit 8: # Beds	1
Unit 1: # Beds	3
Unit 7: # Beds	1
Unit 6: # Beds	1
Unit 4: # Beds	3
Unit 7: Rent	2495
Unit 1: Rent	3395
Unit 2: Rent	3395
Unit 3: Rent	3395
Unit 4: Rent	3395
Unit 5: Rent	2495
Unit 6: Rent	2495
Unit 8: Rent	2495
Unit 2: Furnished	No
Unit 2: Projected Rent	3395
Unit 6: Projected Rent	2495
Unit 5: Projected Rent	2495
Unit 4: Projected Rent	3395
Unit 3: # Beds	3
Unit 2: # Beds	3
Unit 2: # Baths	1.5
Unit 3: # Baths	1.5
Unit 1: # Baths	1.5
Unit 4: # Baths	1.5
Unit 8: # Baths	1
Unit 5: # Beds	1
Unit 4: Actual Rent	2795
Unit 7: Actual Rent	1708
Unit 2: Actual Rent	2809
Unit 3: Actual Rent	2718
Unit 8: Actual Rent	2172
Unit Type	2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Unit 5: Actual Rent	2504
Unit 6: Actual Rent	2300
Unit 1: Actual Rent	3372
Total # Of Buildings	2
Net Operating Income	181865
Cap Rate	6.5
Vacancy Rate	3%
Gross Income	244544
Gross Operating Income	244544
Gross Rent Multiplier	11.43
Total Annual Expenses	55343