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California>Long Beach>East Village

227 LimeLong Beach, CA 90802

For Sale

$1,800,000

Smart Buyer Rebate $18,000

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.

Listed by Malcolm Zeger

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License #02013882

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Buckingham Investments, Inc

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626-483-7983

Last updated May 12, 2026

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Source: CRMLS #SB26098575

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast Village
  • Days on Prevu41

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/06/2026
Listed by Buckingham Investments, Inc
$1,800,000

Property Details for 227 Lime

Association

Amenities

  • Community Features: Urban

Exterior

Construction

  • Number Of Units Total: 11
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1923
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Front

Measurements

  • Building Area Total: 3,424
  • Building Area Units: Square Feet
  • Lot Features: 11-15 Units/Acre
  • Lot Size Acres: 0.08
  • Lot Size Area: 3,750
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3,750
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.8
  • Operating Expense: $57,575.00

Taxes

  • Parcel Number: 7281014010

Other

Location

  • Subdivision Name: East Village Arts District
  • Tax Block: 94
  • Tax Lot: 15

Parking

Parking

  • Open Parking Spaces: 2
  • Parking Total: 2

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 227 Lime.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 227 Lime.

How does 227 Lime compare to other multi-family homes in East Village?

This multi-family home is listed 10% below the average price for multi-family homes in East Village and has been on the market for 41 less days than the typical home in this area.

227 Lime is a -bedroom multi-family home for sale in Long Beach CA 90802. On Prevu for 41 days at $1,800,000. This home is located in East Village. The median listing price for multi-family homes in this area is $579,000. The home offers parking. Explore more multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.