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728 Lime Ave
For Sale $1,495,000
$1,495,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,501 Sq Ft
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,495,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1912 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7274020007 |
| MLS # | SB25233581 |
| Property ID | 322239487 |
| Lot Sqft | 7,501 |
| Zoning | Unknown |
| Total Units | 6 |
| Days on Market | 100 |
| Original List Price | $1,495,000 |
| Date Updated | October 07, 2025 |
| Date Created | September 11, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $12,718 | $0 |
| Net Income (Yr) | $ 92,241 |
| Cap Rate | 6.2% |
Listing Provided By
Anthony Walker an agent of Buckingham Investments, Inc. Lic #01908153
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 07, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact Agent
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Showing Agent
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT