227 Lime

Long Beach, CA 90802

3,750 sq ft lot
Built 1923

Listed by: Buckingham Investments, Inc · 626-483-7983

About this home

Available again! 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.

Home details

Interior

Laundry: None

Exterior & lot

Lot size: 3,750 sq ft (0.09 acres)
Lot features: 11-15 Units/Acre
Pool: None
Garage spaces: 0
Common walls: 2+ Common Walls

Property & community

Property type: Apartment
Year built: 1923
Community: Urban
County: Los Angeles
MLS #: SB26098575
Listed: May 6, 2026

Location

Listed by: Buckingham Investments, Inc · 626-483-7983

Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.

Listing data last updated Oct 16, 2026 3:31 am.