Multi-Family
729 Lime Avenue
Property Snapshot
Address
729 Lime Avenue
Long Beach, CA 90813
Long Beach, CA 90813
Purchase Price
$2,100,000.00
Number of Units
13
% Increase in Rents
Since Closing
Since Closing
47.12%
Projected IRR
17.61%
Originally built in 1923, the property is located inthe highly desirable and trendy East Village Arts District, the subject property has a total of 13 units with a mix of Studios, One Bed + One-Bath, Two Bed + One Bath, and Three Bed + One Bath units, including a gated entry and on-site laundry.
Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 47%.