820 Lime Avenue Long Beach, CA ^$ 2,750,000

820 Lime Avenue

^$ 2,750,000

Back to search

820 Lime Avenue

Long Beach, CA, 90813

^$ 2,750,000

Bedrooms26 Baths5.1 Sq 8,195

Monthly Estimate*

^$ 19,210

Listed by Keller Williams - Santa Monica

820 Lime Avenue, Long Beach, CA 90813 - Image 1

820 Lime Avenue, Long Beach, CA 90813 - Image 2

820 Lime Avenue, Long Beach, CA 90813 - Image 3

820 Lime Avenue, Long Beach, CA 90813 - Image 4

820 Lime Avenue, Long Beach, CA 90813 - Image 5

820 Lime Avenue, Long Beach, CA 90813 - Image 6

820 Lime Avenue, Long Beach, CA 90813 - Image 7

820 Lime Avenue, Long Beach, CA 90813 - Image 8

820 Lime Avenue, Long Beach, CA 90813 - Image 9

820 Lime Avenue, Long Beach, CA 90813 - Image 10

820 Lime Avenue, Long Beach, CA 90813 - Image 11

820 Lime Avenue, Long Beach, CA 90813 - Image 12

820 Lime Avenue, Long Beach, CA 90813 - Image 13

820 Lime Avenue, Long Beach, CA 90813 - Image 14

Multi-Family Home for sale in Long Beach, CA

for $2,750,000 with 26 bedrooms and 5 full baths, 1 half bath. This 8,195 square foot home was built in 1927 on a lot size of 0.1722.

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.

Multi-Family Active

Price

^$ 2,750,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1722

Year Built

1927

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23229468

Days on Market

145

Features

General

Sewer PublicSewer

Zoning LBR4R

Garage Spaces 5.0

Pool Features None

Year Built 1927

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 229236.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 151583.0

Operating Expense 77653.0

Insurance Expense 5292.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions E 10th St

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 8

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 7501.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Lime

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 4218.8

Home Warranty Y/N N

Fuel Expense 4218.8

Trash Expense 4218.8

Water Sewer Expense 4218.8

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 116

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 3

Property Sub Type Additional MixedUse

Taxes 34365.0

Cap Rate 5.51

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 5.0

Lot Size Area 7501.0

Number of Buildings 1

Spa N

Building Area Total 8195.0

Lot Size Acres 0.1722

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 820

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$19,210

Per Month

Monthly Principal & Interest: $19,210
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 24%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/23/2023	$2,750,000		Listed Price

Map

More homes like this one

homes for you

See all

820 Lime Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,750,000 with 8,195 sqft and a lot size of 0.1722. 820 Lime Avenue has 26 bedrooms, 5.1 baths, and was built in 1927. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/15/2024. 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

820 Lime Avenue

Multi-Family Home for sale in Long Beach, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home