Long Beach, CA 90806 2370 Lime Avenue
$2,890,000
19 more
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
- MLS# 25544073
- 05/27/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 16
Baths • 12
SQFT • 6,440
Garage • 1
Home Details
Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses.
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
Interior Features for 2370 Lime Avenue
Bedrooms
Total Bedrooms16
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 2370 Lime Avenue
Additional Parcels Y/NNo
AppliancesMicrowave, Refrigerator
Attached Garage No
Cap Rate6.25
Carport Y/NNo
CityLong Beach
CountyLos Angeles
DirectionsBetween Burnett St. and East Burnett St, just East of Atlantic Ave.
Full Baths
Garage Y/NNo
Gross Income244544.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6427.0
Lot Size UnitsSquareFeet
MLS Area9 - Poly High
MobileHomeRemainsYNNo
Net Operating Income180725.0
New ConstructionNo
Number Of Units Total8
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1930
ZoningLBR1N
Exterior for 2370 Lime Avenue
Building Area Total6440.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1475
Lot Size Area6427.0
Number of Buildings2
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking4.0
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate