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820 Lime Ave, Long Beach, CA 90813
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820 Lime Ave Long Beach, CA 90813

$2,750,000
  • 26 Beds
  • 11 Baths
  • 8,195 Sq.Ft.
For Sale
$2,750,000 Get Pre-Qualified
Map preview of 820 Lime Ave, Long Beach, CA 90813

Property Overview: 820 Lime Ave Long Beach, CA has 26 bedrooms, 11 bathrooms, 8,195 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and 11.64 GRM at current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BA units; two (2) 3 BD / 1.5 BA units; two (2) 3 BD / 1 BA units; and two (2) 2 BD / 1 BA units. The asset is separately metered for both gas and electric, and boasts a ±10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 9 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 132
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Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1927
Garage
5 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23229468
City
Long Beach
County
Los Angeles
Time on Site
135 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,979
  • Total Rent: $5,958
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,445
  • Total Rent: $4,890
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,267
  • Total Rent: $4,534
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.51%
  • Gross Rent Multiplier: 11.64
  • Gross Scheduled Income: $236,326
  • Net Operating Income: $151,583
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $77,653
  • Electric: $4,219
  • Gas/Fuel: $4,219
  • Licenses: $1,500
  • New Taxes: $34,365
  • Trash: $4,219
  • Gardener: $560
  • Insurance: $5,292
  • Maintenance: $5,600
  • Professional Management: $10,316
  • Water/Sewer: $4,219
  • Other Expenses: $2,400
  • Other Expense Description: Reserves

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Property Details for 820 Lime Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7274021008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: E 10th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 820 Lime Ave

Last sold for $357,500 on September 18th, 2002

  • December, 2023

  • Dec 22, 2023

    Date

    Active

    CRMLS: PW23229468

    $2,750,000

    Price

  • December, 2022

  • Dec 21, 2022

    Date

    Canceled

    CRMLS: OC22221584

    $3,000,000

    Price

  • Oct 13, 2022

    Date

    Active

    CRMLS: OC22221584

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    820 Lime Avenue is an 8-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Built in 1927, 820 Lime Avenue offers a attractive mix of two, three, and five-bedroom floor plans. The property features amenities including gated access, security doors, dual-pane windows, and private balconies (select units). 820 Lime Avenue offers a new investor the opportunity to potentially add up to two accessory dwelling units.

  • September, 2002

  • Sep 18, 2002

    Date

    Sold (Public Records)

    Public Records

    $357,500

    Price

  • September, 2000

  • Sep 7, 2000

    Date

    Sold (Public Records)

    Public Records

    $330,500

    Price

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Tax History for 820 Lime Ave

Assessed Value (2020): $776,995
Year Land Value Improved Value Assessed Value
2020 $244,990 $532,005 $776,995

Home Value Compared to the Market

This property vs the competition

820 Lime Ave is listed 244.18% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $335.57 per/sqft which puts the price per square foot 47.97% lower than the median price per square foot for the city of Long Beach.

About 820 Lime Ave

Detailed summary of property

820 Lime Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 26 bedrooms, 11 bathrooms, roughly 8,195 living square feet, and sits on an approximately 7,501 square foot lot. 820 Lime Ave was first listed on ArdentRealEstateGroup.com on December 23, 2023. The homeowner is currently asking $2,750,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 244.18% higher than the median priced home. Local competing homes currently for sale include 716 Raymond Ave, 1126 Raymond Ave and 1128 Stanley Ave. While the average home in Long Beach, CA is selling in 53 days, 820 Lime Ave has a days on market of 132 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 820 Lime Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 820 Lime Ave

Public county record property details
Beds
--
Baths
8
Year built
1927
Sq. Ft.
8,195
Lot Size
7,501
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7274-021-008

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$629,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
30
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Recently Sold Homes Near 820 Lime Ave

723 E 6th St #E, Long Beach, CA 90802
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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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