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.
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.
Property Details
Price:
$1,495,000
MLS #:
SB25233581
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Downtown DT
Neighborhood:
4
Listed Date:
Oct 6, 2025
Total Sq Ft:
5,707
Lot Size:
7,501 sqft / 0.17 acres (approx)
Year Built:
1912
See this Listing
Schools
Interior
Cooling
NO
Laundry Features
NO
Exterior
Community Features
SUB
Construction Materials
STC
Parking Spots
2
Roof
CMP, FLTR
Financial
Maintenance Fee
$4,095
Map
Community
- AddressLime Ave Lot 1 Long Beach CA
- SubdivisionDowntown (DT)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
Subdivisions in Long Beach
- Ackerfield Condos AC
- Alamitos Beach AB
- Alamitos Heights AH
- Artcraft Manor AM
- Atlantic Plaza APZ
- Belmont Heights BH
- Belmont Shore BSD
- Belmont Shore Condos BSC
- Bixby Highlands BXH
- Bixby Hill BBH
- Bixby Knolls BK
- Bixby Terrace BT
- Bixby Village BV
- Bluff Park BLF
- California Heights CH
- Carson Park/Long Beach CLB
- Cherry Manor CM
- Circle CA
- Clark Terrace CKT
- College Park CPZ
- College Park Estates CPS
- Cooper Arms CPA
- Country Club Gardens CCG
- Country Club manor CCM
- Country Club Villa CCV
- Country Square CSQ
- Crown Pointe CPT
- D’Orleans DOR
- Del Lago DL
- Downtown
- Downtown DT
- Eastside ES
- EastsideES
- Eldorado ELD
- International Towers ITT
- Junipero Gardens JPG
- Kensington Green KG
- La Marina Estates LME
- Lafayette Building LF
- Lakewood City/Long Beach LCB
- Lakewood Village LKVL
- Lakewood Village LVD
- Los Altos/North of Fwy LNF
- Los Altos/South of Fwy LSF
- Los Cerritos LC
- Marina Pacifica MRP
- Naples NA
- North Long Beach NLB
- Ocean House OCH
- Park Estates PE
- Park Ocean PO
- Peninsula PI
- Plaza North of Spring PZN
- Poly High PH
- Queens Surf QS
- Queens View Condos QVC
- Rancho RNC
- Ridgewood Heights RH
- Royal Palms RP
- South of Conant Northeast SNE
- South of Conant Southeast SSE
- South of Conant Southwest SSW
- Spinnaker Bay SY
- Stoney Brook Villas ST
- Stratford Square SQQ
- The Galaxy Towers TGT
- The Lakes TLK
- Treasure Island TI
- Versailles VRS
- Villa Riviera VLR
- Westside/North of Willow WNW
- Westside/South of Willow WSW
- Willmore District WM
- Willow Ridge WD
- Wrigley Area WR
- Wrigley Heights WH
Market Summary
Current real estate data for Single Family in Long Beach as of Nov 20, 2025
367
Single Family Listed
39
Avg DOM
475
Avg $ / SqFt
$958,787
Avg List Price
Property Summary
- Located in the Downtown (DT) subdivision, Lime Ave Lot 1 Long Beach CA is a Single Family for sale in Long Beach, CA, 90813. It is listed for $1,495,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1912. The average price per square foot for Single Family listings in Long Beach is $475. The average listing price for Single Family in Long Beach is $958,787.
Similar Listings Nearby
Courtesy of Buckingham Investments, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.Lime Ave Lot 1
Long Beach, CA