$2,890,000
$105K PRICE DROP

2370 Lime Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated payment $18,637/month

Total Views 4,685
16 Beds
12 Baths
6,440 Sq Ft
$449 Price per Sq Ft

Highlights

  • Ceiling Fan
  • Long Beach Polytechnic High School Rated A
  • 5-minute walk to NAACP Freedom Park

About This Home

Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.

Listing Agent

Armin Soleimani

Global Platinum Properties, Inc. License #01846872 Listed on: 05/27/2025

Co-Listing Agent

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Parking

  • 4 Parking Spaces

Interior Spaces

  • 6,440 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Additional Features

  • 6,427 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7211-009-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region.
  • Living Area: 6440
  • Lot Acreage: 0.1475
  • Stories: 2
  • Year Built: 1930
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 12.00
  • Equipment: Microwave, Refrigerator, Range/Oven
  • Price Per S Q F T: 448.76

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 62.39
  • Assessed Improvement Value: 906933
  • Assessed Land Percent: 37.61
  • Assessed Land Value: 546820
  • Total Assessed Value: 1453753
  • Assessor Parcel Number: 7211-009-009
  • Lot Size Area: 6427

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 11.82
  • Number Of Units: 8
  • Total Annual Expense: 56483
  • Type Of Units: Lowrise
  • Vacancy Rate: 3%

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $2,890,000 -3.5% $449 / Sq Ft
05/27/2025 05/27/25 For Sale $2,995,000 -- $465 / Sq Ft
Source: The MLS

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See All Homes in Long Beach

Source: The MLS

MLS Number: 25544073

The MLS
California Los Angeles County Long Beach 90806 Sunrise

2370 Lime Ave, Long Beach, CA

This home is located at 2370 Lime Ave, Long Beach, CA 90806 and is currently priced at $2,890,000, approximately $448 per square foot. This property was built in 1930. 2370 Lime Ave is a home located in Los Angeles County with nearby schools including Bobbie Smith Elementary, Nelson Academy, and Long Beach Polytechnic High School.

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Armin Soleimani
Listing Agent
Armin Soleimani
Section Image
Global Platinum Properties, Inc.
(562) 418-5408