Description

Available again! 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.

Property details

Year built

1923

Property type

Residential Income

Lot size

3,750 sqft

Location

227 Lime • Long Beach, CA 90802

More homes for sale and rent in Long Beach, CA →

Listing Agent

Malcolm Zeger

DRE #: 02013882

Brokerage: Buckingham Investments, Inc

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CRMLS

MLS# SB26098575

Listed: 10/5/2026 2:36 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/12/2026 11:08 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Buckingham Investments, Inc

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 227 Lime, Long Beach, CA