728 Lime Ave, Long Beach, CA 90813

• 10 beds |
• 5 baths

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.

Listing Status:

Active

Listing Office:

Buckingham Investments, Inc : 310 982-7055

Listing Agent:

Anthony Walker : 310-561-4776

MLS ID:

SB25233581

Interior

• A/C: N/K

Exterior

• General: N/K
• Pool: N/K

Construction

• Roofing: Composition
• General: Stucco2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor7274020007

Financial

• Source: California Regional MLS

This listing courtesy of Anthony Walker, Buckingham Investments, Inc