728 Lime Ave, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
728 Lime Ave,Long Beach, CA 90813
$1,495,000
  • - Beds
  • - Baths
  • 5,707 sq. ft.
  • Multi-family
  • Active
Listed by: anthony walker, josh ess
Office: buckingham investments, inc
MLS#:SB25233581
Source:CRMLS

Price summary

  • Price:$1,495,000
  • Price per sq. ft.:$261.96

About this home

Huge 6 unit campus property with three large units in front, Craftsman bungalow in the middle, and two brand new 2025 construction ADUs in the rear totalling 5707 rentable square feet on a 7500 square foot lot. Great unit mix averaging 950 square feet with one 5 bed, 2 bath unit, four 2 bed, 1 bath units, and one 1 bed, 1 bath unit. Aggressively priced at $262/square foot, 9.8X GRM and 6.2% cap rate on actual rents plus an 8% upside to 9X GRM and 6.9% cap rate on market rents. Brand new electrical main panel. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 7 blocks to the beach.

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Home facts

  • Year built:1912
  • Listing ID #:SB25233581
  • Added:55 day(s) ago
  • Updated:December 01, 2025 at 11:43 AM

Rooms and interior

  • Living area:5,707 sq. ft.

Structure and exterior

  • Roof:Composition, Flat
  • Year built:1912
  • Building area:5,707 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,495,000
  • Price per sq. ft.:$261.96
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