About This Home

This 7-bedroom, 11-bathroom multi-family at 227 Lime in Long Beach, CA is listed for $1,800,000. Built in 1923, on a 0.09 acres lot.

Key Features

  • Built in 1923
  • 0.09 acre lot
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
11 full
2 spaces
1923
Listing 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 8.9X GRM and 7.3% 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.

Monthly Cost Estimate

$9,627/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

227 Lime

Long Beach, CA 90802

Other (OTHR)

Questions & Answers

This 7-bedroom, 11-bathroom multi-family at 227 Lime is listed at $1,800,000. The estimated monthly payment is $9,627 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1923, 0.09 acre lot, 2 stories, 2 parking spaces.

This property is listed by Malcolm Zeger.

MZ

Malcolm Zeger

License 02013882

Agent at Buckingham Investments, Inc.

Listed by Buckingham Investments, Inc. · Broker phone: (562) 208-4890 · Broker website

MLS# SB26098575· Source: California Regional Multiple Listing Service, Inc· 175 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

227 Lime, Long Beach, CA 90802

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