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.
AGENT: Malcolm Zeger LISTING BROKERAGE: Buckingham Investments, Inc
Courtesy of Buckingham Investments, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 227 Lime
Long Beach, CA
Property Details
Price:
$1,800,000
MLS #:
SB26098575
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
May 12, 2026
Total Sq Ft:
3,424
Lot Size:
3,750 sqft / 0.09 acres (approx)
Year Built:
1923
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Common Walls
_2CW
Community Features
URB
Parking Spots
2
Parking Total
2
Financial
Maintenance Fee
$9,521
Map
Community
- Address227 Lime Long Beach CA
- SubdivisionOther (OTHR)
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
