Seller's Agent in 2019
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
160 Total Sales
360 Lime Ave Long Beach, CA 90802
East Village Neighborhood
9
Beds
10
Baths
33,949
Sq Ft
1.84
Acres
Highlights
- 1.84 Acre Lot
- Laundry Room
- Landscaped
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2019360 Lime Avenue is a renovated, 42-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The property is in the heart of the East Village Arts District of Downtown Long Beach. This neighborhood is a vibrant, eclectic pocket within the city with boutique stores, art galleries, coffee shops and restaurants. The East Village is known for its walkability, and 360 Lime provides great access to all its amenities.
The 33,949 gross square foot property consists of studio, one- and two-bedroom floor plans. Numerous units have large wrap-around patios which provide private outdoor spaces for tenants. Originally built in 1964, 360 Lime offers amenities including a communal courtyard, custom barbecues, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, vinyl floors, quartz countertops and more.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 07/01/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 1.84 Acre Lot
- No Common Walls
- Landscaped
Parking
- 11 Open Parking Spaces
- 9 Car Garage
Interior Spaces
- 33,949 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 10 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 8 / 74
- Tax Tract Number 576200
- Assessor Parcel Number 7281012016
Community Details
Building Details
- 1 Separate Water Meter
- Electric Expense $5,250
- Fuel Expense $5,250
- Insurance Expense $14,700
- Maintenance Expense $25,200
- Other Expense $22,200
- Professional Management Expense $36,472
- Trash Expense $5,250
- Water Sewer Expense $5,250
- New Taxes Expense $172,948
- Operating Expense $324,120
- Gross Income $957,000
- Net Operating Income $587,670
Additional Features
- 42 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/05/2019 12/05/19 | Sold | $12,560,000 | -7.0% | $370 / Sq Ft |
| 10/14/2019 10/14/19 | Pending | -- | -- | -- |
| 09/09/2019 09/09/19 | Price Changed | $13,500,000 | -3.6% | $398 / Sq Ft |
| 07/01/2019 07/01/19 | For Sale | $14,000,000 | -- | $412 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $175,341 | $13,298,732 | $8,492,160 | $4,806,572 |
| 2024 | $175,341 | $13,037,974 | $8,325,648 | $4,712,326 |
| 2023 | $172,233 | $12,782,328 | $8,162,400 | $4,619,928 |
| 2022 | $161,688 | $12,531,695 | $8,002,353 | $4,529,342 |
| 2021 | $157,473 | $12,285,977 | $7,845,445 | $4,440,532 |
| 2020 | $103,300 | $7,753,968 | $4,924,005 | $2,829,963 |
| 2019 | $102,030 | $7,603,206 | $4,827,456 | $2,775,750 |
| 2018 | $98,879 | $7,391,742 | $4,732,800 | $2,658,942 |
| 2016 | $45,719 | $3,181,398 | $664,879 | $2,516,519 |
| 2015 | $44,014 | $3,133,611 | $654,892 | $2,478,719 |
| 2014 | $43,818 | $3,072,229 | $642,064 | $2,430,165 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Jon Swire
Buyer's Agent in 2019
Jon Swire
The Agency
(310) 948-2631
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19155414
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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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