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2370 Lime Avenue, Long Beach, CA 90806
Priced at Only: $2,890,000
For more Information Call Mobile: 714.478.6676
Address: 2370 Lime Avenue, Long Beach, CA 90806
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  • MLS#: 25544073 ( )
  • Street Address: 2370 Lime Avenue
  • Viewed: 18
  • Price: $2,890,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 0
  • Days On Market: 112
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90806
  • Provided by: Global Platinum Properties, Inc.
  • Contact: Armin Armin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand new ADUs. Each of the three bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
Features
Appliances
  1. Microwave
  2. Refrigerator
Building Area Total
  1. 6440.00
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 180725.00
Parcel Number
  1. 7211009009
Parking Features
  1. None
Sourcesystemkey
  1. 25544073:CLAW
Totalexpenses
  1. 56483.00
Views
  1. 18
Year Built
  1. 1930
Zoning
  1. LBR1N
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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