227 Lime Ave Long Beach, CA 90802
East Village NeighborhoodEstimated payment $12,594/month
About This Home
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.
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 626-483-7983 License #02013882 Listed on: 05/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 3,750 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,424 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 10 Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 15 / 94
- Tax Tract Number 5762
- Assessor Parcel Number 7281014010
- $2,316 per year additional tax assessments
Community Details
Overview
- 11 Units
Building Details
- 11 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,654
- Fuel Expense $1,654
- Insurance Expense $5,300
- Maintenance Expense $9,521
- Pest Control $1,130
- Professional Management Expense $9,521
- Trash Expense $1,654
- Water Sewer Expense $1,654
- New Taxes Expense $22,500
- Operating Expense $57,575
- Gross Income $189,095
- Net Operating Income $122,065
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,686 | $2,550,000 | $1,683,000 | $867,000 |
| 2024 | $33,195 | $2,500,000 | $1,650,000 | $850,000 |
| 2023 | $29,397 | $2,193,000 | $1,428,000 | $765,000 |
| 2022 | $5,110 | $259,227 | $85,438 | $173,789 |
| 2021 | $4,858 | $254,145 | $83,763 | $170,382 |
| 2019 | $4,769 | $247,209 | $81,280 | $165,929 |
| 2018 | $4,616 | $242,375 | $79,687 | $162,688 |
| 2016 | $4,271 | $232,389 | $76,594 | $155,795 |
| 2015 | $4,130 | $228,899 | $75,444 | $153,455 |
| 2014 | $4,151 | $224,417 | $73,967 | $150,450 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $1,800,000 | -28.0% | $526 / Sq Ft | |
| 07/21/2023 07/21/23 | Sold | $2,500,000 | -5.7% | $730 / Sq Ft | View Prior Sale |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- | |
| 03/03/2023 03/03/23 | For Sale | $2,650,000 | -- | $774 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26098575
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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