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.
Listed by Anthony Walker
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License #01908153
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Buckingham Investments, Inc
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310-561-4776
Listed by Josh Ess
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License #02035659
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Buckingham Investments, Inc
Last updated October 07, 2025
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Source: CRMLS #SB25233581
Listing Facts
TypeMulti-family
NeighborhoodSaint Mary
Days on Prevu16
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/06/2025
Listed by Buckingham Investments, Inc
$1,495,000
Property Details for 728 Lime Ave Ave
Association
Amenities
Community Features: Suburban
Exterior
Construction
Number Of Units Total: 6
Property Attached: Yes
Roof: Composition, Flat
Stories: 2
Stories Total: 2
Year Built: 1912
Common Walls: 2+ Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: 1
Features
Fencing: Chain Link
Measurements
Building Area Total: 5,707
Building Area Units: Square Feet
Lot Features: Rectangular Lot
Lot Size Acres: 0.17
Lot Size Area: 7,501
Lot Size Source: Assessor
Lot Size Square Feet: 7,501
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.2
Gross Income: $152,016.00
Operating Expense: $52,774.00
Taxes
Parcel Number: 7274020007
Other
Location
Subdivision Name: Downtown (DT)
Tax Block: 26
Tax Lot: 1
Parking
Parking
Open Parking Spaces: 2
Parking Features: Paved
Parking Total: 2
Utilities
Equipment
Electric: Standard
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
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.
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