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.

Features
: Other
Address Map
CA
Los Angeles
Long Beach
90813
820 Lime Avenue
0
W119° 49' 0''
N33° 46' 37.3''
E 10th St
MLS Addon
Keller Williams - Santa Monica
Robert Stepp
rstepp@steppcommercial.com
CR385776
CR364501221
: Public

Commercial Sale For Sale

820 Lime Avenue, Long Beach, California 90813

8,195 Sqft
$2,750,000
Listing ID #CRPW23229468
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRPW23229468
Price : $2,750,000
Square Footage : 8,195 Sqft
Year Built : 1927
Lot Area : 7,501 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent