1882 Lime Ave, Long Beach, CA 90806

About this property

We are pleased to present 1882 Lime, a large 4 Unit Income Producing Property with additional non-permitted 5th unit for additional cash flow. Located in the Poly Neighborhood of Long Beach, this property is comprised of 4 2 bed/1bath units and 1 3bed/2bath unit spread across 2 buildings. 4 garages and laundry room for additional cash flow. Owner's have invested to upgrade roof, exterior, 3 of 5 units have been redone within the last year. Priced at 12.23 GRM and a 5.1% Cap Rate on current rents with 11% upside for new owner.

Listing description from the July 2018 sale, as reported to CRMLS.

Sale history

$1,110,000

Sold July 2018 · listed $1,165,000, orig. $11,650,000, on market June 2018 · MLS #SB18150381 · Source: CRMLS

Listing Agent: John Alden · Listing Office: Buckingham Investments, Inc · Contact: 310 982-7055 · Bought with: Anthony Walker · Buckingham Investments, Inc

$890,000

Sold May 2017 · orig. $925,000, on market June 2016 · MLS #DW16712186 · Source: CRMLS

Listing Agent: Jesse Elsanhuty · Listing Office: Jesse Elsanhuty, Broker · Contact: 949-724-5590 · Bought with: John Alden · Buckingham Investments, Inc.

$615,000

Sold July 2013 · listed $589,000, on market May 2013 · MLS #OC13087278 · Source: CRMLS

Listing Agent: Sean Stanfield · Listing Office: First Team Real Estate · Contact: 714-536-9292 · Bought with: Carol Rayburn · C-21 Astro

$420,000

Sold March 2012 · listed $470,000, orig. $465,000, on market December 2011 · MLS #S681711 · Source: CRMLS

Listing Agent: Danny Nguyen · Listing Office: JND Realty · Contact: 888-813-6798 · Bought with: Loi Vuong · Cali Home Realty

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