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728 Ave Lime Ave
Long Beach CA 90813 US

$1,495,000

Active Listing ID SB25233581
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14 bed
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7.00 Bath (7 Full)
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Lot: 7,501.00 Square Feet
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Apartment

$1,495,000

Active Listing ID SB25233581
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728 Ave Lime Ave Huge 6 unit campus property with three large units in front, Craftsman bungalow in the middle, and two brand new 2025 construction ADUs in the rear totalling 5707 rentable square feet on a 7500 square foot lot. Great unit mix averaging 950 square feet with one 5 bed, 2 bath unit, four 2 bed, 1 bath units, and one 1 bed, 1 bath unit. Aggressively priced at $262/square foot, 9.8X GRM and 6.2% cap rate on actual rents plus an 8% upside to 9X GRM and 6.9% cap rate on market rents. Brand new electrical main panel. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 7 blocks to the beach.

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Property Features

  • Facts
  • Lot Size: 7,501.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 7
  • Cooling System: None (Cooling)
  • Exterior Finish: Fence, Community Features Included: Suburban, Rectangular Lot
  • Roof Type: Composition, Flat

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 1495000
  • unparsedaddress: 728 Ave Lime Ave
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90813
  • bathroomsfull: 7
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.172199265381084
  • lotsizeunits: Square Feet
  • lotsizearea: 7501
  • livingarea: 5707
  • livingareaunits: Square Feet
  • listagentfullname: Anthony Walker
  • listagentemail: Anthony.walker@buckinghaminvestments.com
  • listagentkey: 3yd-MRMLSCA-sbwalkant
  • listagentmlsid: sbwalkant
  • listagentpreferredphone: 3105614776
  • listagentofficephone: 3109827055
  • listofficekey: 3yd-MRMLSCA-SB1301700
  • listagentstatelicense: 01908153
  • listofficemlsid: SB1301700
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1912
  • listingcontractdate: 2025-10-06
  • listagenturl: http://www.buckinghaminvestments.com
  • countyorparish: Los Angeles
  • parcelnumber: 7274020007
  • cooling: None (Cooling)
  • constructionmaterials: Stucco
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 2
  • parkingfeatures: Paved or Surfaced
  • roof: Composition, Flat
  • waterfrontyn: False
  • exteriorfeatures: Fence, Community Features Included: Suburban, Rectangular Lot
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Buckingham Investments, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Anthony.walker@buckinghaminvestments.com", "ListBrokerageCity":"Long Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"buckingham.inv@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/110/335173/20160816181448704.png", "ListBrokerageName":"Buckingham Investments, Inc.", "ListBrokeragePhone":"(562) 208-4890", "ListBrokeragePostalCode":"90802", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Ste 607", "ListBrokerageUnparsedAddress":"320 Pine Ave", "ListBrokerageWebsiteUrl":"http://www.buckinghaminvestments.com", "ListOfficeAddress1":"1304 El Prado Ave Ste C", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SBWALKANT", "ListOfficeCity":"Torrance", "ListOfficeCountry":"US", "ListOfficeEmail":"buckingham.inv@gmail.com", "ListOfficePostalCode":"90501", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Long Beach, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/728-Lime-Ave_Long-Beach_CA_90813_M10694-29270?f=listhub&s=MRMLSCA&m=SB25233581&c=rexren", "MLSModificationTimestamp":"2025-10-06T14:03:50Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/7/2025 11:09:27 PM GMT
Source Updated Date: 12/5/2025 6:45:57 AM GMT

Courtesy of: Anthony Walker, Buckingham Investments, Inc, Anthony.walker@buckinghaminvestments.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.