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237 Lime Ave
Off-Market Call for Pricing
Call for Pricing
- 16 Units
- 14,477 Sq Ft
- 11,264 Sq Ft
- Unknown Cap Rate
Description
Subject property is a well-maintained 16 unit apartment building located in the highly desirable Alamitos Beach/ Downtown Long Beach submarket, a dense coastal neighborhood known for its strong rental demand and proximity to the waterfront. The property consists of 16 units , featuring a diverse unit mix of twelve-2 bedroom 1 bathroom, two- 3 bedroom 2 bathroom, and two-3 bedroom 1.5 bathroom units, offering a combination of smaller, efficient layouts and larger units suitable for families or roommate -style occupancy. Buyers are required to execute the U.S. Bank Seller's Addendum with the Purchase agreement. Please contact listing agent before submitting and Offer!!.
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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 | $4,250,000 |
| Property Type | Multi-Family |
| Usable Sqft | 14,477 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1965 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7281014049 |
| MLS # | 26836521 |
| Property ID | 322862395 |
| Lot Sqft | 11,264 |
| Zoning | LBPD30 |
| Total Units | 16 |
| Days on Market | 9 |
| Original List Price | $4,250,000 |
| Date Updated | May 22, 2026 |
| Date Created | May 15, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,893 | $2,500 |
| Unit #2 | 3 | 2.00 | $2,493 | $3,100 |
| Unit #3 | 3 | 1.50 | $2,139 | $2,900 |
| Gross Income (Yr) | $ 397,458 |
| Operating Expenses | $ 134,318 |
| Net Income (Yr) | $ 263,140 |
Listing Provided By
Roy Yoo an agent of . Lic #01462413
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