227 Lime, Long Beach, CA 90802
227 Lime, Long Beach, CA 90802
227 Lime, Long Beach, CA 90802
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,800,000
Est. payment /mo
3,750 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision East Village Arts District

MLS Listing ID SB26098575

HOA Y/N No

Year Built 1923

Lot Size 3,750 Sqft

Property Sub-Type Apartment

Property 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 9.52X GRM and 6.8% 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. One unit is currently vacant.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Total Parking Spaces 2

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7281014010

Energy Description 1654.0

Acceptable Financing Cash, Cash to New Loan, Contract

Listing Terms Cash, Cash to New Loan, Contract

Special Listing Condition Standard

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Listed by Malcolm Zeger Buckingham Investments, Inc 626-483-7983, DRE #02013882

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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