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.
Sold for $1,605,000
Listing Provided by: Buckingham Investments, Inc
Bought with: Beverly & Company Luxury Properties
$1,605,000
728 Lime Ave, Long Beach, CA 90813
14beds
7baths
5,707sqft
Multi Family
Built in 1912
-- sqft lot
$1,395,000 Zestimate®
$281/sqft
$1,749 Estimated rent
Home value
$1,395,000
$1.33M - $1.46M
$1,749/mo
Zestimate® history
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$10,252/mo
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Zillow last checked:
Listing updated:
Listing Provided by:
Anthony Walker DRE #01908153 310-561-4776,
Buckingham Investments, Inc,
Josh Ess DRE #02035659 310-982-7055,
Buckingham Investments, Inc
Bought with:
Ceylan Tecimer, DRE #01462866
Beverly & Company Luxury Properties
Source: CRMLS,MLS#: SB26112026
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 7
Cooling
- None
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,707
- Total interior livable area: 5,707 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Chain Link
Lot
- Size: 7,501 sqft
- Features: Rectangular Lot
Details
- Parcel number: 7274020007
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised, Slab
- Roof: Composition,Flat
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Long Beach
- Subdivision: Downtown (Dt)
HOA & financial
Other financial information
- Total actual rent: 12718
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Sold | $1,605,000+78.3%$281/sqft |
Source:  CRMLS #SB26112026 Report a problem | ||
| 9/13/2016 | Sold | $900,000-3.7%$158/sqft |
Source: Public Record Report a problem | ||
| 8/13/2016 | Pending sale | $935,000$164/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 7/13/2016 | Price change | $935,000-1.6%$164/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 6/2/2016 | Price change | $950,000-4.9%$166/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 4/16/2016 | Price change | $999,000-4.9%$175/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 3/31/2016 | Listed for sale | $1,050,000+6.1%$184/sqft |
Source: First Team Real Estate #PW15210171 Report a problem | ||
| 4/8/2014 | Listing removed | $1,600 |
Source: Go Section8 Report a problem | ||
| 1/29/2014 | Listed for rent | $1,600 |
Source: Go Section8 Report a problem | ||
| 5/11/2005 | Sold | $990,000+29.4%$173/sqft |
Source: Public Record Report a problem | ||
| 9/20/2004 | Sold | $765,000+33%$134/sqft |
Source: Public Record Report a problem | ||
| 8/20/2003 | Sold | $575,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,650 +4.7% | $1,044,521 +2% |
| 2024 | $13,998 +1.7% | $1,024,041 +2% |
| 2023 | $13,758 +7.3% | $1,003,963 +2% |
| 2022 | $12,822 +3% | $984,279 +2% |
| 2021 | $12,445 +0.3% | $964,981 +1% |
| 2020 | $12,411 | $955,087 +2% |
| 2019 | $12,411 +4.8% | $936,360 +2% |
| 2018 | $11,845 | $918,000 +2% |
| 2017 | $11,845 +1.1% | $900,000 -22.8% |
| 2016 | $11,722 -17.2% | $1,165,594 +1.5% |
| 2015 | $14,157 +4.9% | $1,148,086 +2% |
| 2014 | $13,496 | $1,125,598 +2.5% |
| 2012 | -- | $1,098,542 +2% |
| 2011 | -- | $1,077,003 +0.5% |
| 2009 | -- | $1,071,496 +2% |
| 2008 | -- | $1,050,487 +2% |
| 2007 | -- | $1,029,891 +32% |
| 2005 | -- | $780,300 +137.5% |
| 2002 | -- | $328,588 +4% |
| 2000 | -- | $315,831 |
Find assessor info on the county website
Neighborhood: East Village
Nearby schools
GreatSchools rating
- 5/10Stevenson Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Franklin Classical Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$1,395,000
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Estimated market value
$1,395,000
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