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Two-Story 14-Unit Apartment Complex
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236 Lime Ave, Long Beach, CA 90802

Two-story 14-unit apartment complex with a mix of 2 bed/1 bath and 1 bed/1 bath units.

Property SizeContact for details
Days on Market137

Property Features for 236 Lime Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 14

Building Details

Stories 2
Listing Agency: NRE Commercial
Listed By: Drew McAllister · License #02188471
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 9:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NRE Commercial

Investment Insights

Based on property information with market context.

This two-story 14-unit apartment complex features a unit mix of (4) 2 bed/1 bath units and (1) 1 bed/1 bath unit, with the remaining configuration to be verified by the buyer. The property is offered as part of a larger 6-building, 58-unit portfolio, and the current ownership has operated with rents described as roughly 30% below market, creating potential for value through interior and exterior renovations.

The property is located in the heart of Downtown Long Beach. According to the seller, Long Beach is not subject to rent control. Buyer should verify all unit counts and bedroom/bathroom details, as indicated in the remarks.

Key Highlights

  • Two‑story 14‑unit apartment complex in Downtown Long Beach
  • Unit mix includes (4) 2 bed/1 bath and (1) 1 bed/1 bath units (buyer to verify)
  • Long‑term ownership; rents reported roughly 30% below market, creating potential value add through interior and exterior renovations

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Daycare Center Veterinary Clinic Tanning Salon Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units

Location Intelligence

Trade Area within ½ mile

5,092
Businesses Nearby

Demographics for 90802, CA

41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story 14-unit apartment complex with a mix of 2 bed/1 bath and 1 bed/1 bath units.
Where is this apartment building located?
The property is located at 236 Lime Ave Long Beach, CA.
What are key features of this property?
This property features: Two‑story 14‑unit apartment complex in Downtown Long Beach; Unit mix includes (4) 2 bed/1 bath and (1) 1 bed/1 bath units (buyer to verify); Long‑term ownership; rents reported roughly 30% below market, creating potential value add through interior and exterior renovations
More about this property
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