$1,800,000 227 Lime Avenue Long Beach, CA

MLS: RS18037279   Type: Income   County: Los Angeles   City: Long Beach   Area: Downtown Area - Alamitos Beach   Neighborhood: Downtown   Zip: 90802     Stories: 2

Mortgage $8,451 /mo



Half Baths

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Two Story 10 plus 1 non-conforming unit apartment complex located in the heart of Downtown Long Beach. Unit mix comprised of (5) Junior 1 Bed / 1 Bath, (5) Studio and (1) Larger Non-Conforming 1 Bed / 1 Bath units. Long term ownership with rents roughly 35% below market. Building shares laundry across the street with its sister building 236 Lime Ave. Long Beach is NOT subject to rent control. *Part of 6 Building, 58 Unit Portfolio*

Elementary School

Middle School

High School

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Price History

2/16/2018 Listed $2,000,000
3/13/2018 10% - $1,800,000

Attached Structure Detached
Community Features Curbs, Sidewalks, Storm Drains, Street Lighting, Urban
Levels Two
Listagentstatelicense 01946829
Listing Agent Andrew McAllister - BRE#01946829
MLS Area 4 - Downtown Area, Alamitos Beach
Number of Units Leased 11
Price Per Square Foot 525.70
Property Attached Y/N 0
Senior Community Y/N 0
Special Listing Conditions Standard
Subdivision Downtown (DT)
Subdivisionnameother Downtown (DT)
Total Units 11
Zoning LBPD30

Interior Features

Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls No Common Walls
Laundry Features None
Laundry Y/N 0
Total Stories 2

Exterior Features

Building Area Total 3424.00
Garage Spaces 0.00
Land Lease Y/N 0
Lot (Land) Features Level with Street
Lot Size Source Assessor
Lot Size Square Feet 3750.00
Lotsizeunits Square Feet
Number of Buildings 1
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Number of Separate Water Meters 1
Parking Total 0.00
Pool Features None
Private Pool Y/N 0
Water Source Public

Property Schools

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Gallery (4 photos)

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Property vs Zip Code Avg (90802)

Price 1.80M Avg 2.08M

Sqr Feet 3,424 Avg 5,111

Cost / Sqr Ft $526 Avg $408

Acres 0.09 Avg 0.13

Visits 19 Avg 19

Days on Site 31 Avg 55

Walkscore® 96 Avg 89

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Listing Provided Courtesy Of: Andrew McAllister with Nationwide Real Estate Execs.

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Location & Address

eXp Realty California
2603 Camino Ramon Suite 200
San Ramon, CA