227 Lime Ave Long Beach, CA 90802

Listing agency NRE Commercial

Listed by Drew McAllister · License #02188471

Source Crexi

Added: Apr 10 Updated: Jul 22 at 2:32AM Checked: Jul 22 at 2:32AM

Report an Issue

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.

Two-story apartment complex totaling 11 units, arranged as (5) Junior 1 Bed / 1 Bath units, (5) studio units, and (1) larger non-conforming 1 Bed / 1 Bath unit (buyer to verify). The property is described as part of a six-building, 58-unit portfolio with long-term ownership.

The complex is located at 227 Lime Ave in Long Beach, CA, positioned in the heart of Downtown Long Beach. Public remarks indicate rents are roughly 35% below market, and note that Long Beach is not subject to rent control, subject to buyer verification.

Buyer should confirm the non-conforming unit details and verify all unit counts and bedroom/bathroom configurations.

Key Highlights

• Two‑story multifamily complex in Downtown Long Beach with 11 total units
• Unit mix includes 5 junior 1 bed/1 bath units and 5 studio units
• Also includes 1 larger non‑conforming 1 bed/1 bath unit (buyer to verify)

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,575,000

  4,073 SF

  Two-Story Flex Building with Roll-Up

  Two-story flex building offers upstairs office space and drive-up roll-up access with on-site gated parking.

  1082 Redondo, Long Beach, CA 90804

  View Details
• 

  $1,575,000

  4,073 SF

  Two-Story Flex Building with Roll-Up

  Two-story flex facility with office upstairs and drive-up roll-up access plus secured, gated parking.

  1082-1084 Redondo Avenue, Long Beach, CA 90804

  View Details
• 

  $3,245,025

  13,245 SF

  Multi-Unit Industrial Flex Property

  Flex industrial park offers six units with a 50/50 office and warehouse layout and current occupancy in four units.

  620 West 16th St, Long Beach, CA 90813

  View Details
• 

  $1,250,000

  1,324 SF

  Turnkey Restaurant Freestanding Building

  Freestanding restaurant building with a fully equipped kitchen, private office, and secure gated parking for five vehicles.

  1909 Atlantic Avenue, Long Beach, CA 90806

  View Details
• 

  $2,150,000

  3,675 SF

  Multi-Tenant Retail Property with Parking

  Multi-tenant retail anchored by Domino’s Pizza with triple-net leases, 21 surface spaces, and long street frontage.

  389 Redondo, Long Beach, CA 90814

  View Details
• 

  $1,050,000

  5,085 SF

  Cambodia Town Corner Commercial Property

  Corner commercial property in Cambodia Town with two established tenants.

  1631 Alamitos Ave, Long Beach, CA 90813

  View Details
• 

  $1,895,000

  10,000 SF

  Two-Story Retail Storefront Building

  Vacant two-story storefront with built-out interior areas, kitchen, and restrooms, totaling about 15,000 SF including basement.

  129 5th Street, Long Beach, CA 90802

  View Details
• 

  $799,900

  2,156 SF

  Medical Clinic on Corner Lot

  Established clinic with 10 patient rooms, private bathrooms, and ready-for-occupancy layout on a high-visibility corner site.

  1533 Alamitos Avenue, Long Beach, CA 90813

  View Details
• 

  $1,145,000

  3,318 SF

  Office Condominium Suite 308/312

  Office condominium suite 308/312 totaling 3,318 SF in a professionally managed downtown building.

  308312-333 W Broadway, Long Beach, CA

  View Details
• 

  $5,000,000

  4,850 SF

  Automated Car Wash Development Opportunity

  Entitled car wash or multifamily development site in Long Beach.

  1801 Long Bch, Long Beach, CA 90806

  View Details
• 

  $3,000,000

  6,673 SF

  Freestanding Retail/Flex Building

  100% vacant freestanding retail/flex building with an open layout, secured fenced yard, and on-site parking.

  1345-1347 Redondo Ave, Long Beach, CA 90804

  View Details
• 

  $899,000

  2,557 SF

  Multi-Unit Retail Property with Patio

  Standalone retail unit with an exclusive-use patio, plus additional street-level space and a second-floor residential unit.

  702 CEDAR Ave, LONG BEACH, CA 90813

  View Details

FAQs

What type of property is this?

Apartment building - Two-story multifamily complex with 11 total units and a mix of studios and 1-bedroom apartments.

Where is this apartment building located?

The property is located at 227 Lime Ave Long Beach, CA.

What are key features of this property?

This property features: Two‑story multifamily complex in Downtown Long Beach with 11 total units; Unit mix includes 5 junior 1 bed/1 bath units and 5 studio units; Also includes 1 larger non‑conforming 1 bed/1 bath unit (buyer to verify)