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227 Lime Avenue

227 Lime Avenue, Long Beach, CA 90802
Property in East Village
1 Units For Sale
Unit for sale at 227 Lime Avenue, Long Beach, CA 90802

$2,650,000

  • Studio
  • 3,424 ft²
227 Lime Avenue, Long Beach, CA 90802 Listing by Anthony Walker

Local assessors in Long Beach, CA have categorized 227 Lime Avenue as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 3,750 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 10 full bathrooms. There are also 10 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 227 Lime Avenue has a total of 3,434 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a flat style roof that was made of roll composition. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 227 Lime Avenue was last sold in Apr 7, 2023 for $2,500,000. According to our calculations, that's $728.01 per sqft. Prior to that sales transaction, the property was sold for $2,150,000 in Feb 23, 2022. Current property owners are expected to pay $5,110 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 227 Lime Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,193,000. To break that down further, the land itself was valued at $1,428,000. While improvements to the property were assessed at a total of $765,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.

Building Features

Condition

New Construction
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220714
07/14/2022
Studio
-
3424 ft²
$2,550,000
bedrooms
Studio
bathrooms
-
square feet
3424 ft²
-
-
-
Anthony Walker
Buckingham Investments, Inc

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 10
  • Full Bathrooms: 10
  • Partial Bathrooms: 10
  • Building Condition: Average
  • Construction Type: Frame
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 2
  • Living Units: 10
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 3,434
  • Gross Building Area: 3,434
  • Building Area: 3,434
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 3,434
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWNSITE OF LONG BEACH
  • Land Acres: 0.086
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: LONG BEACH LOT/SEC 15 BLK/DIV/TWN 94

Ownership

  • Current Owner : BSV 227 LIME LLC
  • Previous Owner : LE BUCHANAN INVESTMENTS LLC
  • Owner Before Previous Owner: Y PROPERTIES INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 576200

Zoning

  • Zoning: LBPD30

Geography

  • Assessors Map Reference: 75-D5
  • Parcel: 7281-014-010
  • Block: 94
  • Lot: 15
  • Municipality: SOUTH /DOWNTOWN
  • Latitude: 33.7699
  • Longitude: -118.184

    Address

  • Full Address: 227 Lime Ave
  • Address - House Number: 227
  • Address - Street Name: Lime
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 3339
  • Zip Code: 90802

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,110
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 11-933

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 76
  • Final Value: 267,172
  • High Value: 298,140
  • Low Value: 236,203

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,177,000
  • First Open Lien Mortgage Lender: LUMENT REAL ESTATE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Jul 21, 2023
  • First Open Lien Mortgage Loan Amount: $1,177,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2028

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,193,000
  • Assessed Land Value: $1,428,000
  • Assessed Improvements Value: $765,000

    Sales

  • Current Sale Contract Date: Apr 07, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Transaction ID: 11909512418
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 480207
  • Previous Sale Recording Date: Apr 20, 2022
  • Previous Sale Contract Date: Feb 23, 2022
  • Previous Sale Amount: $2,150,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LUMENT REAL ESTATE CAPITAL LLC
  • First Mortgage Transaction Date: Jul 21, 2023
  • First Mortgage Loan Amount: $1,177,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Aug 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: CONVENTUS LLC
  • Previous Mortgage Transaction Date: Apr 20, 2022
  • Previous Mortgage Loan Amount: $1,970,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Downtown Long Beach



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Frequently Asked Questions

What neighborhood is 227 Lime Avenue located in?
The 227 Lime Avenue is a located in the neighborhood of East Village in Downtown Long Beach, Long Beach.
How many listings are currently for sale in 227 Lime Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 227 Lime Avenue?
The average sales price for units in 227 Lime Avenue is $2,650,000 , or $774/sqft. currently.

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