For sale

Listed by: Buckingham Investments, Inc • Malcolm Zeger • Contact: 310-982-7055

$1,800,000

227 Lime Ave, Long Beach, CA 90802

7beds

11baths

3,424sqft

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Multi Family

Built in 1923

-- sqft lot

$1,751,800 Zestimate^®

$526/sqft

$-- HOA

What's special

Low maintenance building

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.

70 days

92

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 11

Appliances

Laundry: None

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,424
Total interior livable area: 3,424 sqft

Property

Parking

Total spaces: 2
Uncovered spaces: 2

Features

Entry location: Front
Pool features: None

Lot

Size: 3,750 Square Feet
Features: 11-15 Units/Acre

Details

Parcel number: 7281014010
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1923

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Urban
Subdivision: East Village Arts District

Location

Region: Long Beach

Financial & listing details

Price per square foot: $526/sqft
Date on market: 5/6/2026
Cumulative days on market: 70 days
Listing terms: Cash,Cash to New Loan,Contract
Total actual rent: 16703

Estimated market value

$1,751,800

$1.66M - $1.84M

$3,194/mo

Price history

Date	Event	Price
5/6/2026	Listed for sale	$1,800,000-28%$526/sqft
Source: CRMLS #SB26098575 Report a problem
7/21/2023	Sold	$2,500,000-5.7%$730/sqft
Source: CRMLS #SB23036205 Report a problem
7/6/2023	Pending sale	$2,650,000$774/sqft
Source: CRMLS #SB23036205 Report a problem
4/24/2023	Contingent	$2,650,000$774/sqft
Source: CRMLS #SB23036205 Report a problem
3/3/2023	Listed for sale	$2,650,000+10.4%$774/sqft
Source: CRMLS #SB23036205 Report a problem
9/12/2019	Listing removed	$2,400,000$701/sqft
Source: Coldwell Banker Residential Brokerage - Newport Beach #PW18223390 Report a problem
9/13/2018	Listed for sale	$2,400,000+33.3%$701/sqft
Source: Coldwell Banker Coastal Alliance #PW18223390 Report a problem
5/22/2018	Listing removed	$1,800,000$526/sqft
Source: Nationwide Real Estate Execs #RS18037279 Report a problem
3/13/2018	Price change	$1,800,000-10%$526/sqft
Source: Nationwide Real Estate Execs #RS18037279 Report a problem
2/16/2018	Listed for sale	$2,000,000$584/sqft
Source: Nationwide Real Estate Execs #RS18037279 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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