227 Lime Avenue

    Long Beach, CA 90802
    • $2,400,000
    • STATUS: Active
    • ON SITE: 68 days
    • ID#: PW18223390
    UPDATED: 38 min ago
    $2,400,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,424
      SQFT
    • $701
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Two Story 10 plus 1 non-conforming unit apartment complex in the heart of Downtown Long Beach. 5 Junior 1 Bed 1 Bath 5 Studios 1 Larger Non Conforming 1 Bedroom 1 Bath Long Term ownership with rents below market, approxiamately 35% Long Beach is NOT subject to rent control*Part of a 6 Building, 58 Unit Portfolio*

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T12:28:28.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.debonishomes.com/homes/87441533

    227 Lime Avenue Long Beach, CA 90802

    • Price: $2,400,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: PW18223390
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,424
    SQFT
    $701
    $/SQFT
    1923
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Two Story 10 plus 1 non-conforming unit apartment complex in the heart of Downtown Long Beach. 5 Junior 1 Bed 1 Bath 5 Studios 1 Larger Non Conforming 1 Bedroom 1 Bath Long Term ownership with rents below market, approxiamately 35% Long Beach is NOT subject to rent control*Part of a 6 Building, 58 Unit Portfolio*
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot Shape-Rectangular Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.14 Community Features SidewalksStreet LightingUrban Country Us Elevation Units Feet Fuel Expense 1667.00 Gardener Expense 300.00 Gross Income 123300.00 Gross Multiplier 16.25 Gross Scheduled Income 123300.00 Insurance Expense 3976.00 Land Lease YN No Laundry YN No Maintenance Expense 5515.00 Net Operating Income 82977.00 New Construction YN No New Taxes Expense 24048.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 40323.00 Professional Management Expense 2000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Downtown (Dt) Total Expenses 40323.00 Trash Expense 587.00 Water Sewer Expense 1546.00 Water Source Public Year Built Source Assessor Zoning Lbpd30

    Listing provided courtesy of Terry Rogers of Coldwell Banker Coastal Alliance and Chuck Iverson of Coldwell Banker Res. Brokerage.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T12:28:28.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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