Home For Sale In Long Beach, California

house for sale

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Listed: 03/07/24

820 Lime Ave, Long Beach, California, 90813

26 Bed:

12 Bath:

8,195 Sq Ft Living Area:

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Price

$ 2,75M

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About This House

820 Lime Avenue is an 8-unit, apartment building located in Long Beach, California. The property is priced at 5.51% cap rate and11.64 GRMat current rents. The property is comprised of a unique mix of two (2) 5 BD / 2 BAunits; two (2) 3 BD / 1.5 BAunits; two (2) 3 BD / 1 BAunits; and two (2) 2 BD / 1 BAunits. The asset is separately metered for both gas and electric, and boasts a 10% upside in rents. An onsite laundry / storage room offers the opportunity for additional income. The five (5) garages offer the opportunity for ADU conversion.

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Houses for sale in Long Beach

Original listing

Long Beach Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

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Month	Median Price
Aug 2024	$855,288 (+3.1%)
Jul 2024	$829,399 (+1.1%)
Jun 2024	$820,250 (-12.7%)
May 2024	$939,766 (+0.6%)
Apr 2024	$934,572 (0%)
Mar 2024	$934,572 (0%)

In August 2024, the asking price for 2 bed houses for sale in/near Long Beach, United States averaged $855,288, an increase of 3.1% from the previous month.

Median price trends for properties for sale in Long Beach, United States as of August 2024.

Household Income

Median household income: $61,610

Number of households: 173,432

The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.