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227 Lime
For Sale $1,800,000
$1,800,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 3,750 Sq Ft
Description
Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,800,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7281014010 |
| MLS # | SB26098575 |
| Property ID | 322823383 |
| Lot Sqft | 3,750 |
| Zoning | Unknown |
| Total Units | 11 |
| Days on Market | 43 |
| Original List Price | $1,800,000 |
| Date Updated | May 12, 2026 |
| Date Created | May 05, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $16,703 | $0 |
| Net Income (Yr) | $ 122,065 |
| Cap Rate | 6.8% |
Listing Provided By
Malcolm Zeger an agent of . Lic #02013882
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 12, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT