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526 Lime Avenue

Long Beach, CA 90802
  • $2,250,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: PW23149014
UPDATED: 18 min ago
$2,250,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)


Description

526 Lime Avenue is an 8-unit apartment property in the highly desirable East Village Arts District rental market in Downtown Long Beach. The property is comprised of (1) 2BD / 2BA units; (4) 2BD / 1BA units; and (3) 1BD / 1BA unit. Seven (7) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled offer in-unit washers and dryers. There are eight (8) garages, one for each unit, that offer the opportunity for ADU conversion for additional rental income. The property is location in the vibrant East Village Arts District and boasts a Walk Score of 94 and a Bike Score of 91, excellent accessibility to a plethora of dining, shopping and lifestyle amenities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T14:36:11.87. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142367022
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526 Lime Avenue Long Beach, CA 90802

  • Price: $2,250,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 18 min ago
  • MLS #: PW23149014
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1923
Built
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
526 Lime Avenue is an 8-unit apartment property in the highly desirable East Village Arts District rental market in Downtown Long Beach. The property is comprised of (1) 2BD / 2BA units; (4) 2BD / 1BA units; and (3) 1BD / 1BA unit. Seven (7) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled offer in-unit washers and dryers. There are eight (8) garages, one for each unit, that offer the opportunity for ADU conversion for additional rental income. The property is location in the vibrant East Village Arts District and boasts a Walk Score of 94 and a Bike Score of 91, excellent accessibility to a plethora of dining, shopping and lifestyle amenities.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.74 Common Interest Community Apartment Community Features Sidewalks Electric Expense 800 Garage YN Yes Gross Income 184727 Gross Scheduled Income 190440 Insurance Expense 4000 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 5600 Net Operating Income 129184 New Construction YN No New Taxes Expense 28187 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 55543 Other Expense 2400 Pest Control Expense 1000 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 800 Water Sewer Expense 1520 Water Source Public Zoning Lbpd30



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T14:36:11.87. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)