$ 1,495,000
-
$1,495,000
Price -
14
Bed -
7
Bath -
5,707
SqFt
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About the Listing SB1301700 - sbwalkant,SBESSJOSH
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 Highlights for 728 Lime Ave
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
SB25233581
Year Built
1912
Total Square Footage
5,707
Lot/Acreage
0.17
Interior Details
- Bedrooms: 14
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: Composition,Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Paved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7274020007
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
728 Lime Ave Long Beach, CA 90813
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