$2,025,000
$2,250,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
7,535 Sqft Lot
SOLD DATE : 10/19/2023
Key Details
Sold Price $2,025,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW23149014
Sold Date 10/19/23
HOA Y/N No
Year Built 1923
Lot Size 7,535 Sqft
Property Description
526 Lime Avenue is an 8-unit apartment property in the highly desirable East Village Arts District rental market in Downtown Long Beach. The property is comprised of (1) 2BD / 2BA units; (4) 2BD / 1BA units; and (3) 1BD / 1BA unit. Seven (7) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled offer in-unit washers and dryers. There are eight (8) garages, one for each unit, that offer the opportunity for ADU conversion for additional rental income. The property is location in the vibrant East Village Arts District and boasts a Walk Score of 94 and a Bike Score of 91, excellent accessibility to a plethora of dining, shopping and lifestyle amenities.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7281003013
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Robert Stepp • Keller Williams - Santa Monica
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner