Address
1035 Lime Avenue, Long Beach, CA
Price
$ 2,000,000
Property Attributes
- MLS#OC26200969
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodOther
- Zip90813
- Style
- Year Built1924
- Price$ 2,000,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage6384
- Lot Size0.15 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
1035 Lime Avenue is a 10-unit multifamily investment property located in Long Beach, California. Built in 1924 and situated on a 0.15-acre lot, 1035 Lime Avenue features a unit mix of 2 studios, 6 1-bed/1-bath units and 2 2-bed/1-bath units totaling approximately 6,384 square feet of net rentable area. The gated property offers a central courtyard, an on-site laundry facility and 5 garage parking spaces. The laundry facility provides existing ancillary income, while the garage parking offers additional flexibility as a separate revenue source or tenant amenity. Current ownership has completed substantial improvements to both the building systems and individual units. Work includes new copper plumbing, updated electrical systems and all-new kitchens and bathrooms throughout the property. Most units have undergone extensive renovations, with much of the interior work involving down-to-the-studs improvements. These upgrades provide a strong physical foundation and reduce the need for an incoming owner to undertake a significant renovation program. 1035 Lime Avenue is located near the East Village Arts District and Downtown Long Beach, placing residents close to an established mix of restaurants, retail, entertainment and cultural destinations. The property is also within convenient reach of the Long Beach waterfront, including the marina, shoreline recreation, dining and other coastal amenities. With substantial capital and interior improvements already completed, 1035 Lime Avenue offers an investor the opportunity to acquire an improved multifamily asset in a central Long Beach location. Its diverse unit mix, gated setting, garage parking, ancillary income sources and proximity to Downtown, East Village and the waterfront support the property’s long-term appeal to renters.
| Price History | |
|---|---|
| 9/14/2026 | Listed $2,000,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Garage Spaces | 5 |
| Pool Features | None |
| Year Built | 1924 |
| Property Subtype | Apartment |
| Gross Income | 183126 |
| Community Features | Curbs,Gutter(s),Street Lights,Sidewalks |
| County | Los Angeles |
| Net Operating Income | 111412 |
| Operating Expense | 66267 |
| Insurance Expense | 10000 |
| New Construction | false |
| Property Type | Residential Income |
| MaintenanceExpense | 8500 |
| Subdivision Name | Other |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Cross Streets of Lime Avenue & East 10th Street |
| City | Long Beach |
| Entry Location | First level |
| Senior Community Y/N | false |
| Number Of Units Total | 10 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6534 |
| Listing Terms | Cash,Cash to New Loan,Conventional,1031 Exchange |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Electric Expense | 1368 |
| Fuel Expense | 4208 |
| Trash Expense | 4208 |
| Water Sewer Expense | 4208 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 22 |
| Property Sub Type Additional | Apartment |
| Taxes | 25382 |
| Cap Rate | 5.57 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | No Common Walls |
| Laundry Features | Common Area |
| Entry Level | 1 |
Exterior Features
| Lot Features | Street Level |
|---|---|
| Water Source | Public |
| Total Parking | 5 |
| Lot Size Area | 0.15 |
| Number of Buildings | 2 |
| Building Area Total | 6384 |
| Lot Size Acres | 0.15 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 10 |
| Number of Separate Electric Meters | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90813
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2026 10:38 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination.
MetroList CA data last updated: September 21, 2026 10:07 AM UTC 