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728 Lime Ave AveLong Beach, CA 90813

For Sale

$1,495,000

Smart Buyer Rebate $14,950

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.

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.