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Renovated Apartment Community
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69-73 Lime Avenue, Long Beach, CA 90802

Ocean Breeze Apartments is a 21-unit community featuring studio and 1+1 apartment homes.

Property SizeContact for details
Days on Market127

Property Features for 69-73 Lime Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 21

Building Details

Tenancy Multi
Listing Agency: Stepp Commercial
Listed By: Robert Stepp · License #CA 01456379
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 9:25AM

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 Stepp Commercial

Investment Insights

Based on property information with market context.

Ocean Breeze Apartments is a 21-unit apartment community with a mix of fifteen studio units and six 1+1 units. The property is described as completely renovated.

The asset is located in the East Village Arts District submarket of Long Beach and is presented as operating in a non-rent controlled market.

This offering is for investors seeking to acquire a renovated multifamily asset with rental upside described as 20%.

Key Highlights

  • Ocean Breeze Apartments is a 21‑unit apartment community.
  • Unit mix includes 15 studio units and 6 one‑bedroom 1+1 units.
  • Property is described as completely renovated.

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

21
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,492
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 - Ocean Breeze Apartments is a 21-unit community featuring studio and 1+1 apartment homes.
Where is this apartment building located?
The property is located at 69-73 Lime Avenue Long Beach, CA.
What are key features of this property?
This property features: Ocean Breeze Apartments is a 21‑unit apartment community.; Unit mix includes 15 studio units and 6 one‑bedroom 1+1 units.; Property is described as completely renovated.
(310) 463-2916 Call to check price and availability
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