2370 Lime Avenue new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,440 sqft
Price per Sqft $465
MLS Listing ID CL25544073
HOA Y/N No
Year Built 1930
Lot Size 6,427 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses.
Location
State CA
County Los Angeles
Zoning LBR1
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 7211009009