2370 Lime ave, Long Beach, CA 90806
Active
$2,995,000
8 Units
16 Beds
12 Baths
6,440 Area(sq.ft.)
Lot: 6,427 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 1.50 | No | $ 3,395 | $ 3,395 | $ 3,372 |
| Unit 2 | 1 | 3 | 1.50 | No | $ 3,395 | $ 3,395 | $ 2,809 |
| Unit 3 | 1 | 3 | 1.50 | No | $ 3,395 | $ 3,395 | $ 2,718 |
| Unit 4 | 1 | 3 | 1.50 | No | $ 3,395 | $ 3,395 | $ 2,795 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,495 | $ 2,495 | $ 2,505 |
| Unit 6 | 1 | 1 | 1 | No | $ 2,495 | $ 2,495 | $ 2,300 |
| Unit 7 | 1 | 1 | 1 | No | $ 2,495 | $ 2,495 | $ 1,708 |
| Unit 8 | 1 | 1 | 1 | No | $ 2,495 | $ 2,495 | $ 2,172 |
| 8 | 16 | 12 | $ 23,560 | $ 23,560 | $ 20,379 |
| MLS #: | 25544073 |
| Days On Market: | 254 |
| Listing Date: | May 27, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 465 |
| Price per unit: | $ 374,375 |
| Year Built: | 1930 |
Property Details
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.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 244,544 |
| Total Annual Expense: | $ 57,743 |
| Net Operating Income: | $ 179,465 |
| Gross Annual Income: | $ 244,544 |
| Gross Rent Multiplier: | 12.20 |
Structure
| Type of Units: | Lowrise |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | LBR1N |
| Parking Garage: | None |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | Microwave, Refrigerator, Range/Oven |
| Heating: | Wall |
Exterior
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