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227 Lime Ave 11 Unit Apartment Building $2,454,588 CAD ($223,144 CAD/Unit) 6.78% Cap Rate Long Beach, CA 90802
Investment Highlights
- Priced to sell at only $163k per door
- Located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining
- Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate
Executive Summary
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!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,454,588 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $223,144 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.78% | Building Size | 3,434 SF |
| Gross Rent Multiplier | 9.52 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LBPD30 | ||
| Price | $2,454,588 CAD |
| Price Per Unit | $223,144 CAD |
| Sale Type | Investment |
| Cap Rate | 6.78% |
| Gross Rent Multiplier | 9.52 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,434 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | LBPD30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,039 CAD | 400 |
| Studios | 2 | $2,039 CAD | 400 |
| Studios | 1 | $1,940 CAD | 400 |
| Studios | 1 | $1,902 CAD | 400 |
| 1+1 | 1 | $1,867 CAD | 400 |
| 1+1 | 2 | $2,008 CAD | 400 |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7281-014-010 | Total Assessment | $3,477,333 CAD |
| Land Assessment | $2,295,040 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,182,293 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7281-014-010
Land Assessment
$2,295,040 CAD
Improvements Assessment
$1,182,293 CAD
Total Assessment
$3,477,333 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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227 Lime Ave
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