- 14 Beds
- 7 Baths
- .17 Acres
- 74 DOM
728 Lime Ave
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.
Essential Information
- MLS® #SB25233581
- Price$1,495,000
- Bedrooms14
- Bathrooms7.00
- Acres0.17
- Year Built1912
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address728 Lime Ave
- SubdivisionDowntown (DT)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
Area
4 - Downtown Area, Alamitos Beach
Amenities
- Parking Spaces2
- ParkingPaved
- GaragesPaved
- PoolNone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior
- CoolingNone
- FireplacesNone
- # of Stories2
- StoriesTwo
Exterior
- ExteriorStucco
- Lot DescriptionRectangular Lot
- RoofComposition, Flat
- ConstructionStucco
- FoundationRaised, Slab
Additional Information
- Date ListedSeptember 11th, 2025
- Days on Market74
Listing Details
- AgentAnthony Walker
- OfficeBuckingham Investments, Inc
Anthony Walker, Buckingham Investments, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of December 20th, 2025 at 3:56pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.