Exceptional Investment Opportunity in Prime Long Beach Location!
This rare four-unit property offers both comfort and convenience, making it an ideal investment or multi-generational living space. Each spacious unit boasts 2 well-sized bedrooms and 1 full bathroom, providing ample living space for all. Every unit enjoys its own private patio, perfect for relaxing outdoors.
The gated complex ensures added security and peace of mind, while the abundance of on-site parking makes day-to-day living even easier. Situated in a highly desirable area, the property is just minutes from a variety of shopping destinations, restaurants, and entertainment spots. With easy access to public transportation and close proximity to the 91 Freeway, commuting is a breeze.
Whether you’re looking for a steady income property or a long-term investment with significant growth potential, this property is a must-see. Seize the opportunity to own in a thriving Long Beach neighborhood, and don’t let this chance slip away!
Exceptional Investment Opportunity in Prime Long Beach location. This rare four-unit property located in the heart of Long Beach. Each unit features 2 bedroom and 1 bath, with private patio areas for each. The complex offers offers plenty of on-site parking, and it is gated for added security. Conveniently located close to stores, restaurants, public transportation, and easy access to the 91 Freeway. Don't let this opportunity pass you by!
Sold for $1,015,000
Listed by: NT & Associates, Inc. • Hector Molina • Contact: 714-367-8596
Bought with: NT & Associates, Inc.
$1,015,000
5516 Lime Ave APT 1, Long Beach, CA 90805
8beds
4baths
3,100sqft
Quadruplex
Built in 1987
-- sqft lot
$1,045,900 Zestimate®
$327/sqft
$2,688 Estimated rent
Home value
$1,045,900
$952,000 - $1.15M
$2,688/mo
Zestimate® history
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$6,468/mo
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Private patio
Zillow last checked:
Listing updated:
Listed by:
Hector Molina DRE #01870282 562-233-4154,
NT & Associates, Inc.,
Teresa Molina DRE #01379845,
NT & Associates, Inc.
Bought with:
Hector Molina, DRE #01870282
NT & Associates, Inc.
Teresa Molina, DRE #01379845
NT & Associates, Inc.
Source: CRMLS,MLS#: RS24215824
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Living Room
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Electric Range, Water Heater
- Laundry: None
Features
- Balcony, Ceramic Counters
- Flooring: Carpet
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Property
Parking
- Total spaces: 7
- Parking features: Carport, Driveway, Private, One Space
- Carport spaces: 7
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Pool features: None
- Spa features: None
- Fencing: Good Condition,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 5,679 Square Feet
- Features: 0-1 Unit/Acre, No Landscaping, Rectangular Lot, Street Level, Walkstreet
Details
- Parcel number: 7127010013
- Zoning: LBR3S
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1987
Utilities & green energy
- Electric: Standard
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Sidewalks, Gated
- Security: Gated Community, Window Bars
- Subdivision: North Long Beach (Nlb)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $327/sqft
- Date on market: 10/19/2024
- Cumulative days on market: 11 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Inclusions: stoves
- Total actual rent: 3336
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2024 | Sold | $1,015,000$327/sqft |
Source:  CRMLS #RS24215824 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: North Long Beach
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Nearby schools
GreatSchools rating
- 6/10Harte Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Lindbergh Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10Jordan High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$1,045,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,045,900
- California
- Los Angeles County
- Long Beach
- 90805
- North Long Beach
- 5516 Lime Ave Apartment 1
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