728 Lime Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated payment $9,038/month
Highlights
- 0.17 Acre Lot
- No HOA
- Chain Link Fence
- Long Beach Polytechnic High School Rated A
- Rectangular Lot
About This Home
Huge 6 unit campus property with three large units in front, Craftsman bungalow in the middle, and two brand new 2025 construction ADUs in the rear totalling 5707 rentable square feet on a 7500 square foot lot. Great unit mix averaging 950 square feet with one 5 bed, 2 bath unit, four 2 bed, 1 bath units, and one 1 bed, 1 bath unit. Aggressively priced at $262/square foot, 9.8X GRM and 6.2% cap rate on actual rents plus an 8% upside to 9X GRM and 6.9% cap rate on market rents. Brand new electrical main panel. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents.
Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 7 blocks to the beach.
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 10/06/2025
Co-Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,998
Year Built
- Built in 1912
Lot Details
- 7,501 Sq Ft Lot
- Two or More Common Walls
- Chain Link Fence
- Rectangular Lot
Home Design
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 5,707 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Available
- Paved Parking
Additional Features
- Suburban Location
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 1 / 26
- Tax Tract Number 5763
- Assessor Parcel Number 7274020007
- $1,266 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 6 Units
- Downtown Subdivision
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $2,013
- Gardener Expense $2,315
- Insurance Expense $7,134
- Maintenance Expense $4,095
- Pest Control $783
- Professional Management Expense $7,251
- Trash Expense $2,447
- Water Sewer Expense $7,404
- New Taxes Expense $18,688
- Operating Expense $52,774
- Gross Income $152,016
- Net Operating Income $92,241
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,998 | $1,044,521 | $731,166 | $313,355 |
| 2024 | $13,998 | $1,024,041 | $716,830 | $307,211 |
| 2023 | $13,758 | $1,003,963 | $702,775 | $301,188 |
| 2022 | $12,822 | $984,279 | $688,996 | $295,283 |
| 2021 | $12,445 | $964,981 | $675,487 | $289,494 |
| 2020 | $12,411 | $955,087 | $668,561 | $286,526 |
| 2019 | $12,268 | $936,360 | $655,452 | $280,908 |
| 2018 | $11,845 | $918,000 | $642,600 | $275,400 |
| 2016 | $14,157 | $1,165,594 | $571,081 | $594,513 |
| 2015 | $13,588 | $1,148,086 | $562,503 | $585,583 |
| 2014 | $13,496 | $1,125,598 | $551,485 | $574,113 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $1,495,000 | +66.1% | $262 / Sq Ft | |
| 09/13/2016 09/13/16 | Sold | $900,000 | -18.2% | $196 / Sq Ft | View Prior Sale |
| 09/23/2015 09/23/15 | For Sale | $1,100,000 | -- | $239 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Ticor Title Company | |
| Grant Deed | $900,000 | Ticor Title | |
| Grant Deed | $990,000 | North American Title Co | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Grant Deed | $765,000 | Fidelity National Title Comp | |
| Grant Deed | $575,000 | Lawyers Title | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $585,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $691,600 | Purchase Money Mortgage | |
| Previous Owner | $612,000 | Purchase Money Mortgage | |
| Previous Owner | $500,000 | Purchase Money Mortgage | |
| Closed | $114,750 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25233581
APN: 7274-020-007
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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
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