$1,800,000
 $9,663 est/mo Sourced by Back At You

227 Lime,Long Beach, CA 90802

Long Beach, CA 90802

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Description

Available again! 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 9.8X GRM and 6.7% cap rate. Almost all units have been remodeled. 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. Three vacancies as of 10/20/26 that are in process of getting filled.

Details

MLS #SB26098575
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1923
Days On Site182
Listing Provided ByBuckingham Investments, Inc | Malcolm Zeger

Features

SQ Feet3,424
Story(s)2
Units11
Building(s)1
Acreage0.09

Exterior

Lot FeaturesEleven To Fifteen Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90802
Area4 Downtown Area | Alamitos Beach
Community NameEast Village Arts District
Listing VS Median (in East Village Arts District)
Price:
$1,800,000
low | high
Med:
$3,100,000
22.222222222222% of Average
sqft:
3,424
low | high
Med:
7,787
77.424065420561% of Average
$ / sqft:
$526
low | high
Med:
$444
65.556470050297% of Average
On site:
182
low | high
Med:
136
100% of Average
Sourced by Back At You

Market Activity 90802

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90802
Area4 Downtown Area | Alamitos Beach
Community NameEast Village Arts District
Listing VS Median (in East Village Arts District)
Price:
$1,800,000
low | high
Med:
$3,100,000
22.222222222222% of Average
sqft:
3,424
low | high
Med:
7,787
77.424065420561% of Average
$ / sqft:
$526
low | high
Med:
$444
65.556470050297% of Average
On site:
182
low | high
Med:
136
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.35M - $2.25M
sqft: 2,500 - 4,000
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Listing Updated: October 28, 2026 at 5:14:09 PM PDT