526 Lime Ave

Long Beach, CA 90802

$2,025,000
Last Sold Price
5
Beds
9
Baths
4,770 Sq. Ft.
$425 / Sq. Ft.
4,770
Sq. Ft.
$425
per Sq. Ft.
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Closed 10/19/23
Closed 10/19/23

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...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.
  1. Listed by Robert Stepp • DRE #01456379 • Brokerage DRE #01499010 • Keller Williams - Santa Monica

Property Details for 526 Lime Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4770
Assessor Parcel Number
7281-003-013
Property Attached YN
true
LISTING UPDATED: 10/19/2023 12:49 AM

Property Details for 526 Lime Avenue

StatusClosed
MLS #PW23149014
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.17 AC / 7,538 SF
CountyLos Angeles County
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Location

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

Sold By Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

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Building Information for 526 Lime Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.17 AC / 7,538 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$12,190 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,869

Property Taxes

$2,321

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 526 Lime Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $184,727
  • Gross Scheduled Income: $190,440
  • Net Operating Income: $129,184
  • Gross Multiplier: 11.81
  • Cap Rate: 5.74
  • Financing: Cash
Expense Details
  • Operating Expense: $55,543
  • New Taxes Expense: $28,187
  • Gardener Expense: $1,200
  • Licenses Expense: $800
  • Pest Control Expense: $1,000
  • Electric Expense: $800
  • Insurance Expense: $4,000
  • Maintenance Expense: $5,600
  • Professional Management Expense: $9,236
  • Other Expense: $2,400
  • Other Expense Description: Reserves
  • Trash Expense: $800
  • Water Sewer Expense: $1,520
  • Total Expenses: $55,543
Tax / Assessment Info
  • Tax Block: 50
  • Tax Tract Number: 5762
  • Tax Census Tract: 5762.00
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,853
  • Unit Type Total Rent: $5,559
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,998
  • Unit Type Total Rent: $7,992
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 526 Lime Avenue

DateEvent & SourcePriceAppreciation
Oct 19, 2023

Sold

CRMLS #PW23149014

$2,025,000—
Oct 19, 2023

Sold

CLAW #PW23149014MR

$2,025,000—
Oct 10, 2023

Pending

CRMLS #PW23149014

—
Oct 10, 2023

Pending

CLAW #PW23149014MR

—
Oct 6, 2023

Sold (Public Record)

Public Record #1520032473

$2,025,000

+6.1% / yr

Sep 1, 2023

Price Change

CLAW #PW23149014MR

$2,250,000—
Sep 1, 2023

Price Change

CRMLS #PW23149014

$2,250,000—
Aug 11, 2023

Listed (Active)

CRMLS #PW23149014

$2,350,000—
Aug 10, 2023

Listed (Active)

CLAW #PW23149014MR

$2,350,000—
Jun 7, 2017

Sold (Public Record)

Public Record #599368874

$1,392,000

+19.0% / yr

Jul 31, 2009

Sold

CLAW #S09071542MR

$775,000—
Jul 31, 2009

Sold

CRMLS #S09071542

$775,000—
Jul 28, 2009

Sold (Public Record)

Public Record #272678963

$355,500

-5.4% / yr

Jul 9, 2009

Pending

CRMLS #S09071542

—
Jul 9, 2009

Pending

CLAW #S09071542MR

—
Jun 29, 2009

Listed (Active)

CRMLS #S09071542

$775,000—
Jun 29, 2009

Listed (Active)

CLAW #S09071542MR

$775,000—
Dec 31, 2003

Sold (Public Record)

Public Record #126014575

$485,000

+11.1% / yr

Dec 3, 2001

Sold (Public Record)

Public Record #80919880

$390,000—
Oct 30, 2001

Sold

CRMLS #CC209282

$390,000—
Oct 30, 2001

Sold

CLAW #P235516MR

$390,000—
Oct 30, 2001

Sold

CRMLS #P235516

$390,000—
May 30, 2001

Pending

CLAW #P235516MR

—
May 30, 2001

Pending

CRMLS #P235516

—
Apr 9, 2001

Listed (Active)

CRMLS #CC209282

$405,000—
Apr 9, 2001

Listed (Active)

CRMLS #P235516

$405,000—
Apr 9, 2001

Listed (Active)

CLAW #P235516MR

$405,000—
DateEvent & SourcePrice
10/19/2023

Sold

CRMLS #PW23149014

$2,025,000
10/19/2023

Sold

CLAW #PW23149014MR

$2,025,000
10/10/2023

Pending

CRMLS #PW23149014

—
10/10/2023

Pending

CLAW #PW23149014MR

—
10/06/2023

Sold (Public Record)

Public Record #1520032473

$2,025,000

+6.1% / yr

09/01/2023

Price Change

CLAW #PW23149014MR

$2,250,000
09/01/2023

Price Change

CRMLS #PW23149014

$2,250,000
08/11/2023

Listed (Active)

CRMLS #PW23149014

$2,350,000
08/10/2023

Listed (Active)

CLAW #PW23149014MR

$2,350,000
06/07/2017

Sold (Public Record)

Public Record #599368874

$1,392,000

+19.0% / yr

07/31/2009

Sold

CLAW #S09071542MR

$775,000
07/31/2009

Sold

CRMLS #S09071542

$775,000
07/28/2009

Sold (Public Record)

Public Record #272678963

$355,500

-5.4% / yr

07/09/2009

Pending

CRMLS #S09071542

—
07/09/2009

Pending

CLAW #S09071542MR

—
06/29/2009

Listed (Active)

CRMLS #S09071542

$775,000
06/29/2009

Listed (Active)

CLAW #S09071542MR

$775,000
12/31/2003

Sold (Public Record)

Public Record #126014575

$485,000

+11.1% / yr

12/03/2001

Sold (Public Record)

Public Record #80919880

$390,000
10/30/2001

Sold

CRMLS #CC209282

$390,000
10/30/2001

Sold

CLAW #P235516MR

$390,000
10/30/2001

Sold

CRMLS #P235516

$390,000
05/30/2001

Pending

CLAW #P235516MR

—
05/30/2001

Pending

CRMLS #P235516

—
04/09/2001

Listed (Active)

CRMLS #CC209282

$405,000
04/09/2001

Listed (Active)

CRMLS #P235516

$405,000
04/09/2001

Listed (Active)

CLAW #P235516MR

$405,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 526 Lime Avenue

Taxable ValueLand$1,351,500Additions$715,600Total$2,067,100
Tax Record2025$27,849 ($2,321 / month)
Home Facts
Total Finished SqFt4,770 SqFtAbove Grade Finished SqFt4,770 SqFtLot Size7,538 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBPD30CountyLOS ANGELESAPN7281-003-013

Schools near 526 Lime Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Stevenson Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams - Santa Monica, Robert Stepp, DRE #01456379

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.