227 Lime, Long Beach, CA 90802

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Beds

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Baths

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Sq ft

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 9.8X GRM and 6.7% cap rate. Almost all units have been remodeled. 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. Three vacancies as of 10/20/26 that are in process of getting filled.

Type

Apartment

Year built

1923

Lot

3,750 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$11,352/mo

Principal & interest$9,102
Property tax (est.)$1,725
Home insurance (est.)$525

Down payment: 20% ($360,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Malcolm Zeger, Buckingham Investments, Inc, 626-483-7983. MLS# SB26098575. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:24 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.