1035 Lime Avenue,Long Beach, CA 90813
Long Beach, CA 90813
Description
1035 Lime Avenue is a 10-unit multifamily investment property located in Long Beach, California. Built in 1924 and situated on a 0.15-acre lot, 1035 Lime Avenue features a unit mix of 2 studios, 6 1-bed/1-bath units and 2 2-bed/1-bath units totaling approximately 6,384 square feet of net rentable area. The gated property offers a central courtyard, an on-site laundry facility and 5 garage parking spaces. The laundry facility provides existing ancillary income, while the garage parking offers additional flexibility as a separate revenue source or tenant amenity. Current ownership has completed substantial improvements to both the building systems and individual units. Work includes new copper plumbing, updated electrical systems and all-new kitchens and bathrooms throughout the property. Most units have undergone extensive renovations, with much of the interior work involving down-to-the-studs improvements. These upgrades provide a strong physical foundation and reduce the need for an incoming owner to undertake a significant renovation program. 1035 Lime Avenue is located near the East Village Arts District and Downtown Long Beach, placing residents close to an established mix of restaurants, retail, entertainment and cultural destinations. The property is also within convenient reach of the Long Beach waterfront, including the marina, shoreline recreation, dining and other coastal amenities. With substantial capital and interior improvements already completed, 1035 Lime Avenue offers an investor the opportunity to acquire an improved multifamily asset in a central Long Beach location. Its diverse unit mix, gated setting, garage parking, ancillary income sources and proximity to Downtown, East Village and the waterfront support the property's long-term appeal to renters.
Details
| MLS # | OC26200969 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 50 |
| Listing Provided By | Marcus & Millichap RE Invest | Tyler Leeson |
Features
| SQ Feet | 6,384 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 2 |
| Acreage | 0.15 |
Exterior
| Lot Features | Street Level |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Gutters, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,000,000 low | high Med: $800,000 sqft: 6,384 low | high Med: 1,353 $ / sqft: $313 low | high Med: $627 On site: 50 low | high Med: 10 | |
Market Activity 90813
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,000,000 low | high Med: $800,000 sqft: 6,384 low | high Med: 1,353 $ / sqft: $313 low | high Med: $627 On site: 50 low | high Med: 10 | |
 | $1,630,0001136 Linden AvenueLong Beach, CA 90813 |
