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About This Home
This 7-bedroom, 11-bathroom multi-family at 227 Lime in Long Beach, CA is listed for $1,800,000 ($526 per sqft). Built in 1923, the home offers 3,424 sqft of living space on a 0.09 acres lot.
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.
Key Features
- Built in 1923
- 0.09 acre lot
- 2 stories
- 2 parking spaces
Property Details
Monthly Cost Estimate
$9,627/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
227 Lime
Long Beach, CA 90802
Other (OTHR)
Features & Amenities
Exterior Features
Questions & Answers
This 7-bedroom, 11-bathroom multi-family at 227 Lime is listed at $1,800,000 ($526/sqft). The estimated monthly payment is $7,800 based on 20% down at 6.5% interest.
Key features include: Built in 1923, 0.09 acre lot, 2 stories, 2 parking spaces. Exterior Features: Community Features Included: Urban, 11-15 Units/Acre.
This property is listed by Malcolm Zeger and can be reached at 6264837983 or malcolm.zeger@buckinghaminvestments.com.
