Closed Deals

360 Lime

360 Lime Avenue, CA 90802

Property Description

Marcus & Millichap is pleased to present the opportunity to acquire 360 Lime Avenue, a renovated, 42-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.

360 Lime is in the heart of the East Village Arts District of Downtown Long Beach. This neighborhood is a vibrant, eclectic pocket within the city with boutique stores, art galleries, coffee shops and restaurants. The East Village is known for its walkability, and 360 Lime provides great access to all its amenities.

The 33,949 gross square foot property consists of studio, one- and two-bedroom floor plans. Numerous units have large wrap-around patios which provide private outdoor spaces for tenants. Originally built in 1964, 360 Lime offers amenities including a communal courtyard, custom barbecues, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, vinyl floors, quartz countertops and more.

Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets. Additionally, 360 Lime sits adjacent to some of the city’s highest concentration of new developments. These include numerous new residential and commercial developments that are revitalizing the landscape of the Downtown Long Beach.

Given the overall strength of the apartment market in Long Beach, and specifically the fundamentals within East Village Arts, 360 Lime offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provides tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for well-located, upgraded apartments will be a key driver in the continued growth and success at 360 Lime.

Sale Highlights

  • Controlled Access and Elevator Serviced
  • Beautifully Maintained Courtyard with Custom BBQ
  • Garage Parking and On-Site Laundry
  • Fully Renovated Asset
  • Affordable Alternative for Tenants
  • Located in East Village Arts District and is a Short Distance from Shoreline Village, The Pike, and the Aquarium of the Pacific
  • Within Walking Distance to The Promenade
Status: Sold
Year Built: 1964
Price: N/A
No. of Units: 42
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