About 227 Lime
Available again! 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.
Features of 227 Lime
| MLS® # | SB26098575 |
|---|---|
| Price | $1,800,000 |
| Bedrooms | 7 |
| Bathrooms | 11.00 |
| Acres | 0.09 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 227 Lime |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | East Village Arts District |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90802 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | ElevenToFifteenUnitsAcre |
|---|
Additional Information
| Date Listed | May 5th, 2026 |
|---|---|
| Days on Market | 114 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Malcolm Zeger |
|---|---|
| Office | Buckingham Investments, Inc |