236 Lime Apartments

236 Lime Apartments, For Sale - Image 2
Available
08-10-2018
10-29-2021

236 Lime, Long Beach, CA 90802

Property Description

Heart of downtown Long BeachGreat unit mix of 1 & 2 bedroom unitsNo rentcontrol. Very nice well maintained 14 Apartment building in the heart of downtown Long Beach. Good unit mix of 1 and 2 bedroom apartments.Long term tenants, no rent control. There are 3 garages currently being used for storage that could be rented for $150 ea per month for added incom

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Key Property Information

Listing Status
Available
Multifamily type
Garden Style
Price
$ 2,800,000
No. of Units
14
Cap Rate
4.1%
GRM / GIM
15.9
Average Occupancy
100%
Year Built
1921
Building Size
5,654 Sq ft
Lot Size
7,509 Sq ft
No. of Stories
2
APN
7281-013-007
Opportunity Zone
Off
Price per unit
$ 200,000

Financial Details

Income/Expense Info
Actual
Gross Income
$ 175,692
Operating Expenses
$ 61,853
Net Operating Income
$ 113,389
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