820 Lime Ave
820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.50% cap rate and 11.65 GRM at current rents.
The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a 10% upside in rents.
An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Multifamily type: | Garden Style |
| Price: | $2,750,000 |
| No. of Units: | 8 |
| Cap Rate: | 5.50% |
| GRM /GIM: | 11.65 |
| Year Built: | 1927 |
| Building Size: | 8,195 Sq ft |
| Lot Size: | 7,501.00 Sq ft |
| No. of Stories: | 2 |
| Opportunity Zone: | No |
| Price per unit: | $343,750 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|
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