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Sold on 04/29/2026
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728 Lime Ave, Long Beach, CA 90813

  • $1,605,000

    Last sold 04/29/2026 after 230 Days

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    bed

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    bath

Multi-family not for sale
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About 728 Lime Ave

Property type Multi-family
Neighborhood
Year built 1912
HOA fee $0/month
Lot size 7,501 Sqft
Rental estimate
Property description
Huge 6 unit campus property with three large units in front, Craftsman bungalow in the middle, and two brand new 2025 construction ADUs in the rear totalling 5707 rentable square feet on a 7500 square foot lot. Great unit mix averaging 950 square feet with one 5 bed, 2 bath unit, four 2 bed, 1 bath units, and one 1 bed, 1 bath unit. Aggressively priced at $262/square foot, 9.8X GRM and 6.2% cap rate on actual rents plus an 8% upside to 9X GRM and 6.9% cap rate on market rents. Brand new electrical main panel. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%’s and a 6.2% cap rate on actual rents. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 7 blocks to the beach.
Listed by
Listing Agent - Anthony Walker
Listing Agent Contact: 310-561-4776
Listing Office - Buckingham Investments, Inc
Source: CRMLS mls logo
MLS#SB26112026 • last updated 1 month ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1722
Lot Size (SqFt) 7501
Year Built 1912
Interior
Laundry None
Exterior
Foundation Raised, Slab
Construction Stucco
Building Area Square Feet, 5707
Parking Paved
# Uncovered Spaces 2
# Parking Spaces 2
Lot Description Rectangular Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool None
Location
County Los Angeles
Community Features Suburban
Subdivision Downtown (DT), Downtown (DT)
Directions East Side Of Lime, North Of 7th St
APN 7274020007
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 2447
Operating Expense 52774
Cap Rate 6.2
Expense: Insurance 7134
Total Expenses 52774
Expense: Maintenance 4095
Expense: Water/ Sewer 7404
Gross Income 152016
Gross Operating Income 144415
Gross Multiplier 9.8
Gross Scheduled Income 152016
Expense: Fuel 2013
Expense: Gardener 2315
Rental est.: $1,326/month
Gross rent multiplier: 100.9
  • May 2026
    mls logo MLS # SB26112026
  • May 22, 2026 Sold
    $1,605,000 (+7.4%)
  • Sep 11, 2025 Listed
    $1,495,000
  • Sep 2025
    mls logo MLS # SB25233581
  • Sep 11, 2025 Listed
    $1,495,000 (+66.1%)
  • Sep 2016
    Public Records
  • Sep 13, 2016 Sold
    $900,000
  • Sep 2016
    mls logo MLS # PW15210171
  • Sep 13, 2016 Sold
    $900,000
  • Sep 13, 2016 Sold
    $900,000 (-3.7%)
  • Aug 13, 2016 Active
    —
  • Sep 23, 2015 Listed
    $935,000 (-1.6%)
  • Sep 23, 2015 Listed
    $950,000 (-4.0%)
  • May 2005
    Public Records
  • May 11, 2005 Sold
    $990,000 (+29.4%)
  • Sep 2004
    Public Records
  • Sep 20, 2004 Sold
    $765,000 (+33.0%)
  • Aug 2003
    Public Records
  • Aug 20, 2003 Sold
    $575,000 (+1.8%)
  • Aug 2003
    mls logo MLS # P340510
  • Aug 20, 2003 Sold
    $565,000
  • Apr 25, 2003 Listed
    $564,999
  • 728 Lime Ave
    $1.6M
  • Saint Mary
    $477K -18% y/y
  • 90813
    $585K -2% y/y
  • Long Beach
    $700K -4% y/y
No chart available
Statistics calculated by Movoto

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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.

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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 7/20/2026. 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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