2370 Lime Avenue, Long Beach, CA 90806
Local realty services provided by:ERA North Orange County Real Estate
2370 Lime Avenue,Long Beach, CA 90806
$2,795,000
- 16 Beds
- 12 Baths
- 6,440 sq. ft.
- Multi-family
- Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.
MLS#:25619789
Source:CRMLS
Price summary
- Price:$2,795,000
- Price per sq. ft.:$434.01
About this home
2nd Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.5% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
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Home facts
- Year built:1930
- Listing ID #:25619789
- Added:223 day(s) ago
- Updated:December 19, 2025 at 02:27 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:12
- Living area:6,440 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1930
- Building area:6,440 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$2,795,000
- Price per sq. ft.:$434.01
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