227 LimeLong Beach, CA 90802
East Village Arts District · Los Angeles County
Description
Available again! 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.
Property Information
- Property type
- Residential Income
- Sub-type
- Apartment
- Year built
- 1923
- Stories
- 2
- Building area
- 3,424 Sq Ft
- Lot size
- 0.09 acres
- Parking spaces
- 2
- Days on market
- 159
- MLS® Listing#
- SB26098575
Property Features
- Pool
- None
- Laundry
- None
- Sewer
- Public Sewer
- Water source
- Public
- Parcel number
- 7281014010
Directions
Just North of Broadway, East side of Lime.
Listing Courtesy: Buckingham Investments, Inc - 626-483-7983
Presented by: Malcolm Zeger
Licensed in the state of California.
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