$1,800,000
227 Lime, Long Beach CA 90802
Multi-Family (11 Units)
Property type
30 days
On market
$526
Price per sqft
0 cars
Garage
1923
Year built
3,750 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Malcolm Zeger DRE #02013882, Buckingham Investments, Inc
Listing updated: May 12, 2026 at 05:27pm.
Last checked: Jun 5, 2026 at 01:30pm
Source: CRMLS #SB26098575
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,350 | $1,350 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,295 | $1,895 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,495 | $1,495 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,395 | $1,395 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $1,450 | $1,450 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $1,243 | $1,243 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,695 | Unfurnished |
# of Buildings: 1
# of Units Total: 11
Separate Electric Meters: 11
Separate Gas Meters: 11
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 11
Total Actual Rent: $16,703
Financial Snapshot
Gross Rent Multiplier
9.5x
List Price / Annual Gross Rent
Cap Rate
6.8%
NOI / List Price
Gross Scheduled Income: $189,095
Vacancy Allowance Rate: 5%
Operating Expense: $57,575
Net Operating Income: $122,065
Annual Operating Expenses
Electric: $1,654
Fuel: $1,654
Insurance: $5,300
Licenses: $675
Maintenance: $9,521
New Taxes: $22,500
Pest Control: $1,130
Professional Management: $9,521
Trash: $1,654
Water / Sewer: $1,654
Interior
Laundry: None
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Eleven To Fifteen Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7281014010
Additional Parcels: No
Tax Lot: 15
Tax Block: 94
Subdivision: East Village Arts District
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 227 Lime, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,440,000
Total Interest
$1,836,641
Total Payment
$3,276,641
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,127
per month
Property History for 227 Lime
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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