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$2,750,000

Est. payment - /mo

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8,195 SqFt

Active

820 Lime AVE Long Beach, CA 90813

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,195 sqft

Price per Sqft $335

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW23229468

HOA Y/N No

Year Built 1927

Lot Size 7,501 Sqft

Property Description

820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and 11.64 GRM at current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a �10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4R

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7274021008

Energy Description 4218.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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