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Luxury Home At 1882 Lime Avenue, Long Beach, CA 90806 For Sale

 
1882 Lime Avenue, Long Beach, CA 90806  |  562.208.4890   
0 Bedroom | 0 Bath | Property size: 5,536 | US$1,200,000
                  
 

 
 

Long Beach     
1882 Lime Avenue

Pending Luxe Certification

Large, professionally managed 5 unit near Poly. 2 Structures spanning a large lot. Strong cash flow. Excellent unit mix - four 2 bedroom/1 bathroom units and one 3 bedroom/2 bathroom unit with 4 garages for additional income. 16.3% upside on current rents. Priced at 12.83 GRM and 4.8 cap rate on current rents, 10.87 GRM and 6.0% cap rate on market rents. All units and exterior redone along with roof repairs. Opportunities to create additional income by installing washer/dryer in vacant laundry room. 2 of the two bedrooms were initially a 4 bedroom that was subdivided, minimal cost to cure. Create additional value by permitting the 5th or reverting back to a 4 unit. Dense rental market with low vacancy rate and strong income. Take advantage while you can! Drive by only. Do not contact occupants.


Buckingham Investments, Inc.
1957 W Carson St Ste 107 | Torrance | CA 90501
John Alden
562.208.4890 | 310.982.7055
john.alden@buckinghaminvestments.com
MLS# SB18068079
Original Source

Property Type: MultiFamily
Listing Category: Purchase

1882 Lime Avenue


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