360 Lime Avenue

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Property Snapshot

360 Lime Ave.
Long Beach, CA 90802
Purchase Price
Number of Units
% Increase in Rents
Since Closing
Projected IRR

The property is comprised of three contiguous 8-unit buildings built in 1946, all on separate parcels. Each building contains 5 One Bed + One Bath units and 3 studio units with on-site laundry.

This superior location is in one of the strongest performing markets within the Long Beach metro area. It’s just a short walk to the beach and near the popular retail, entertainment, and dining district on Belmont Shore’s East Second Street where upscale boutiques, specialty shops, coffee shops, cafes, and casual dining are all within a short walking distance of one another.

Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 6%.