Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav

526 Lime Avenue

,,

8

Unit

$2,350,000

Price

Property Details

Price Per Unit

$293,750

Price per SF

$493

Current Cap Rate

5.40%

Market Cap Rate

6.53%

Current GRM

12.42

Market GRM

10.78

526 Lime Avenue

,,

$2,350,000

Price

Property Details

Price per SF

$493

Price Per Unit

$293,750

Price per SF

$493

Current Cap Rate

5.40%

Market Cap Rate

6.53%

Unit

8

Current GRM

12.42

Market GRM

10.78

Description

526 Lime Avenue is an 8-unit apartment property in the highly desirable East Village Arts District rental market in Downtown Long Beach.
The property is comprised of two (2) 2BD / 2BA units; five (5) 2BD / 1BA units; and one (1) 1BD / 1BA unit.
Seven (7) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled offer in-unit washers and dryers.
There are eight (8) garages, one for each unit, that offer the opportunity for ADU conversion for additional rental income.
The property is location in the vibrant East Village Arts District and boasts a Walk Score of 94 and a Bike Score of 91, excellent accessiblity to a plethora of dining, shopping and lifestyle amenities.

Highlights

  • Priced at 12.42 GRM / 5.40% Cap Rate on Current Rents
  • Prime East Village Arts District Downtown Location
  • Excellent Mix of One- and Two-Bedroom Units
  • 7 of 8 Units Fully Remodeled
  • Most Units Offer In-Unit Washer/Dryers
  • 8 Parking Garages Available, One for Each Unit

Map

Request More Info





    Terms of Use & Privacy Policy