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2364 Lime Ave, Long Beach, CA 90806
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2364 Lime Ave Long Beach, CA 90806

$1,250,000 Sold Price as of 06/13/2019
  • 14 Beds
  • 10 Baths
  • 5,432 Sq.Ft.
Sold
$1,250,000 Sold Price as of 06/13/2019 Refinance Your Mortgage
Map preview of 2364 Lime Ave, Long Beach, CA 90806

Property Overview: 2364 Lime Ave Long Beach, CA has 14 bedrooms, 10 bathrooms, 5,432 living square feet and 6,427 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Awesome investment opportunity knocking. Six units apartment consists of 4-3bed/2bath and 2-1bed/1bath. All units have a spacious living room, storage/laundry room and two of the units have been recently updated with updated bathroom and kitchen. The other four units need some cosmetic repairs. All of the 3 bedrooms were originally 2 bedrooms that were converted to 3 bedrooms. All drain pipes have been replaced from cast iron to ABS pipe. Electricals have been rewired and have electrical sub-panels inside the room under the stairs. All four 1-car garages have been updated with new electrical wiring, drywall, and new paint. Strong rental and high demand area with 100% fully rented and no rent control. Current rents are low due to long term residents. Month to month rents except for one 1-bed Section 8 Housing Unit currently with a 1-year lease. Don't miss out. Call me today.

Listed by Somaly Khem | BRE #01264829 | RE/MAX College Park Realty
Last checked: 15 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
6,427
HOA Dues
$0/mo
Year built
1930
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
PW19091573
City
Long Beach
County
Los Angeles
Time on Site
1440 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2364 Lime Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Carpet, Tile
  • Kitchen, Laundry, Living Room
Interior Features
  • Storage
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Landscaped, Paved, Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7211009009
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: North of PCH & East of Atlantic Ave.
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2364 Lime Ave

Last sold for $1,250,000 on June 13th, 2019

  • July, 2020

  • Jul 27, 2020

    Date

    Canceled

    CRMLS: SB20084703

    $2,145,000

    Price

  • Jul 25, 2020

    Date

    Hold

    CRMLS: SB20084703

    $2,145,000

    Price

  • Jul 21, 2020

    Date

    Price Change

    CRMLS: SB20084703

    $2,145,000

    Price

  • Jun 12, 2020

    Date

    Price Change

    CRMLS: SB20084703

    $2,139,000

    Price

  • May 6, 2020

    Date

    Active

    CRMLS: SB20084703

    $2,145,000

    Price

  • Listing provided courtesy of CRMLS

    Check out this aggressively priced cash cow with an actual 6% cap rate and 12.27 GRM on current rents! This two level 6-unit property is turn-key and fully stabilized with 4 three-bedroom, two-bathroom units, and 2 separate one bedroom, one-bathroom units. Each of the three-bedroom units are roomy and spacious with interior laundry and their own one car garage. There is a common area laundry room for the rear one-bedroom units. All of the tenants are Section 8 tenants, making this property recession and moratorium proof, since over 73% of the rent is paid directly by HUD. The price and terms for this building can’t be beat!

  • May, 2020

  • May 6, 2020

    Date

    Canceled

    CRMLS: SB20060988

    $2,145,000

    Price

  • Mar 22, 2020

    Date

    Active

    CRMLS: SB20060988

    $2,145,000

    Price

  • Listing provided courtesy of CRMLS

    Check out this aggressively priced cash cow with an actual 6% cap rate and 12.27 GRM on current rents! This two level 6-unit property is turn-key and fully stabilized with 4 three-bedroom, two-bathroom units, and 2 separate one bedroom, one-bathroom units. Each of the three-bedroom units are roomy and spacious with interior laundry and their own one car garage. There is a common area laundry room for the rear one-bedroom units. All of the tenants are Section 8 tenants, making this property recession and moratorium proof, since over 73% of the rent is paid directly by HUD. The price and terms for this building can’t be beat!

  • June, 2019

  • Jun 13, 2019

    Date

    Sold

    CRMLS: PW19091573

    $1,250,000

    Price

  • Jun 5, 2019

    Date

    Pending

    CRMLS: PW19091573

    $1,290,000

    Price

  • May 23, 2019

    Date

    Active

    CRMLS: PW19091573

    $1,290,000

    Price

  • May 4, 2019

    Date

    Active Under Contract

    CRMLS: PW19091573

    $1,290,000

    Price

  • May 2, 2019

    Date

    Price Change

    CRMLS: PW19091573

    $1,290,000

    Price

  • Apr 24, 2019

    Date

    Active

    CRMLS: PW19091573

    $1,350,000

    Price

  • June, 2019

  • Jun 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • May, 2003

  • May 23, 2003

    Date

    Sold (Public Records)

    Public Records

    $462,000

    Price

Show More

Tax History for 2364 Lime Ave

Assessed Value (2020): $1,275,690
Year Land Value Improved Value Assessed Value
2020 $510,000 $765,690 $1,275,690

Home Value Compared to the Market

This property vs the competition

2364 Lime Ave sold on June 13, 2019 for 44.62% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $237.48 per/sqft which puts the price per square foot 63.96% lower than the current median sale per square foot for the city of Long Beach.

About 2364 Lime Ave

Detailed summary of property

2364 Lime Ave is a apartment that recently sold in Long Beach, CA 90806. This apartment offered 14 bedrooms, 10 bathrooms, roughly 5,432 living square feet, and sits on an approximately 6,427 square foot lot. 2364 Lime Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,250,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 44.62% higher than the current median priced home. Local homes that are currently for sale include 11116 S Figueroa St, 726 W Imperial Hwy and 125 E 104th St. While the average home in Long Beach, CA is selling in 52 days, 2364 Lime Ave has a days on market of 9 days. There are currently 711 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 292 of them are condos and 22 are townhomes. For more information on this home for sale at 2364 Lime Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2364 Lime Ave

Public county record property details
Beds
14
Baths
10
Year built
1930
Sq. Ft.
5,432
Lot Size
6,426
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7211-009-009

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$805
Total Inventory
15
Median Sale to List Price %
97.87%
Avg Days on Market
14
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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