227 Lime

Long Beach, CA, 90802

For Sale $1,800,000

0.09acre

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.

Shen Schulz (310) 980-8809shen@shenrealty.com Contact AgentRequest Tour

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Listed by:

Malcolm Zeger with Buckingham Investments, Inc

(310) 982-7055

227 Lime is a Residential Income Apartment property located in Long Beach, California, featuring a 0.086 acre lot, MLS #SB26098575.

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Data last modified: 2026-05-12 17:27:21