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Great Unit Mix in Heart of Downtown Long Beach

$2,800,000

236 Lime, Long Beach, CA 90802

Active
Last Updated: 07/18/2024

4.07

Cap Rate

113,839

NOI

Details:
Cap Rate:    4.07%
NOI:    $113,839
Building Size:    5,654 sqft
Lot Area:    7,509 sqft
Units:    14
GRM:    15.94
Year Built:    1921
Price Per Sqft:    $495.22
Price Per Unit:    $200,000
Floors:    2
Highlights:
  • In the heart of Downtown Long Beach
  • Great Unit Mix of 1 and 2 Bedroom Apartments
  • Long Term Tenants
  • No Rent Control, Value Added Opportunity
  • 3 Garages that could be Rented for Added Income
Description:

•This is a nice apartment building in the heart of downtown Long Beach with a good unit mix of one and two bedroom apartments

•These units are all very nice and well kept, the building is well maintained with an on site manager. Long term tenants

•This building produces good steady income

•There are 3 garages currently used by owner for storage that could be rented for $150 per month each for added income

Map:
Documents:
Title
Offering Memorandum
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