$2,375,000

5320 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated payment $15,605/month

Total Views 22
2 Beds
-- Bath
6,048 Sq Ft
$393 Price per Sq Ft

Highlights

  • Laundry Room
  • Paved or Partially Paved Lot
  • Heating System Uses Natural Gas

About This Home

Two Residential Income Buildings! Both 5220 and 5334 Lime Ave, each with separate parcial, will be sold together. Consisting of a total of 11 one bedroom and one bathroom units, with three (3) one care garages and 11 parking spaces and Laundry room with coin washer and dryer. This is a very well maintained property! Newer exterior paint and new roof (3 +/- years old). Property is centrally located near schools, shopping and easy freeway access. All current tenant are long-term tenants.

Listing Agent

Paulo Menezes

Addax Realty Co. Brokerage Phone: 562-756-3955 License #01108766 Listed on: 06/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,553 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • 7130-026-011

Parking

  • 11 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 2 Bedrooms
  • 6,048 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 12 / F
  • Tax Tract Number 5470
  • Assessor Parcel Number 7130026012
  • $1,993 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $480
  • Fuel Expense $1,500
  • Insurance Expense $6,000
  • Trash Expense $720
  • Water Sewer Expense $2,200
  • Operating Expense $10,900
  • Gross Income $97,024
  • Net Operating Income $97,024

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.08
  • Price Per Unit: 215909
  • Property Attached: No
  • Subdivision Name Other: not known
  • Water Sewer Expenses: 2200.00
  • Zoning: LBR2N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7130026012
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Street/Driveway
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 392.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7130-026-011
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 7553.00
  • Lot Size Acres: 0.1734

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 1500.00
  • Gross Income: 97024.00
  • Gross Multiplier: 17.60
  • Gross Operating Income: 134400.00
  • Gross Scheduled Income: 134400.00
  • Insurance Expense: 6000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 200.00
  • Lot Size Area: 7553.0000 Square Feet
  • Net Operating Income: 97024.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 11
  • Operating Expense: 37376.00
  • Rent Control: No
  • Total Expenses: 10900.00

Tax Info

  • Tax Block: F
  • Tax Census Tract: 5706.01
  • Tax Lot: 12
  • Tax Tract Number: 5470
  • TaxOtherAnnualAssessmentAmount: 1993.00

Map

Range of Values:

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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
06/19/2025 06/19/25 For Sale $2,375,000 -- $393 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS25137950

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90805 Lindbergh

5320 Lime Ave, Long Beach, CA

This home is located at 5320 Lime Ave, Long Beach, CA 90805 and is currently priced at $2,375,000, approximately $392 per square foot. This property was built in 1956. 5320 Lime Ave is a home located in Los Angeles County with nearby schools including Jane Addams Elementary School, Lindbergh STEM Academy, and Jordan High School.

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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

Nearby Homes
Paulo Menezes
Listing Agent
Paulo Menezes
Section Image
Addax Realty Co.
(562) 479-7569