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$1,800,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
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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 to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.

Full Property Details for 227 Lime

General

  • Price: $1,800,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26098575
  • Updated: 5/12/2026
  • Days on Market: 19 days
  • Added to Site: 19 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: Just North of Broadway, East side of Lime.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 11
  • # Electric Meters: 11

Structural Information

  • Entry Location: Front
  • Square Feet: 3,424
  • Year Built: 1923

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.0861
  • Lot Size (Sq. Ft.): 3,750
  • Lot Size Source: Assessor
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $525.7
  • Price Per Unit: 163636

Listed by Buckingham Investments, Inc, Malcolm Zeger

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Listing agent

— 227 Lime —

  • Malcolm Zeger

    Buckingham Investments, Inc

626-483-7983

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 227 Lime

School District:Long Beach Unified School District
NameGradesDistance
Stevenson Elementary School
515 Lime Avenue, Long Beach, CA 90802
K-50.3 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.4 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 227 Lime Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/06/2026
Listed
$1,800,000
-28%
MLS
4/07/2023
Sold
$2,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 227 Lime

Year
Property Taxes
Change
Tax Assessment
Change
2025
$34,686
18%
$2,550,000
16%
2023
$29,397
475%
$2,193,600
744%
2022
$5,110
5%
$259,827
2%
2021
$4,858
—
$254,745
1%
2020
$4,835
1%
$252,140
2%
2019
$4,769
3%
$246,609
2%
2018
$4,616
1%
$241,775
2%
2017
$4,553
7%
$237,035
2%
2016
$4,271
3%
$232,389
2%
2015
$4,130
-1%
$228,899
2%
2014
$4,151
3%
$224,417
—
2013
$4,046
—
$223,404
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 227 Lime

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Buckingham Investments, Inc, Malcolm Zeger

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227 Lime, Long Beach, CA 90802 (MLS# SB26098575) is a Multi-Family property with 11 units containing 0 bedrooms and 0 full bathrooms. 227 Lime is currently listed for $1,800,000 and was received on May 06, 2026. Want to learn more about 227 Lime? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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