416 Lime, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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Long Beach, California 90802
This Turnkey Multi-Family Asset is a High-Potential Investment Opportunity listed at $995,000—positioned well below the $1,129,668 Fair Market Value by 11%. This valuation gap delivers $134,668 in Instant Equity for the incoming buyer. Boasting a Like-New Condition Rating, the property features a 2023 roof, 2018 foundation retrofit, and quartz countertops throughout both units. Located just four blocks from the beach and steps from Stevenson Elementary, the location ensures premium rental demand and walkability. This is an exceptional acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a coastal portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Lime Subject | $995,000* List Price | 0 | 0 | 2,204 | $513 | - |
A 440 N Zona Court Sold | $945,000 | 0 | 0 | 1,846 | $512 | 0.2 mi |
B 629 Olive Avenue Sold | $1,050,000 | 0 | 0 | 1,824 | $576 | 0.2 mi |
C 643 Elm Avenue Active Under Contract | $895,000 List Price | 0 | 0 | 2,304 | $388 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1905, the property has undergone an extensive recent renovation that brings it up to modern standards. The interior features a fully updated kitchen with quartz countertops, fresh cabinetry, and stainless steel appliances, along with modernized bathrooms and consistent wood-look flooring throughout. Significant structural and system updates include a new roof installed in 2023, a foundation retrofit in 2018, and the addition of forced-air heating, leaving the property in like-new, turnkey condition.
Situated just four blocks from the beach and Pine Avenue, this property offers exceptional walkability to Long Beach's premier dining, entertainment, and public transit options.
The property features a new roof installed in 2023 and a major foundation retrofit completed in 2018, significantly reducing future capital expenditure risks for a buyer.
Both units have been tastefully updated with modern finishes, quartz countertops, and open-concept layouts, making it ready for immediate occupancy or high-market-rent leasing.
The tandem parking configuration for only two vehicles may be insufficient for a four-bedroom total property in a high-density downtown area where street parking is competitive.
With a lot size of just 2,026 square feet for a 2,204 square foot building, there is very little private yard or outdoor living space available for tenants.
Prime Location Where Retro Row Meets Downtown Long Beach. This beautifully updated duplex sits in an unbeatable location, just steps from the best of Long Beach living. The spacious owner’s unit is a true loft-style two-story home featuring 3 bedrooms and 2 bathrooms. With an open-concept layout, it feels remarkably expansive and bright. Enjoy modern comforts including in-unit laundry, forced-air heating, updated flooring, quartz counters, and fresh cabinetry throughout. The wide-open living space is perfect for relaxing or entertaining. The separate 1 bedroom, 1 bathroom unit on the south side of the property offers the same thoughtful updates—open floor plan, new flooring, counters, and cabinets—making it ideal for guests, extended family, or easy rental income. Additional features include a large paver driveway with tandem parking for two vehicles and a convenient outdoor storage shed. The roof was just replaced in 2023 and the foundation had a major retrofit in 2018. Location Highlights: Just 4 blocks south to the sand and ocean 4 blocks west to vibrant Pine Avenue with dining, shopping, and nightlife Direct access to the Long Beach Aquarium and Long Beach Convention Center 4 blocks to the Metro Blue Line for quick commutes to downtown LA Less than 2 miles to the 710 Freeway Whether you're looking for a primary residence with income potential or a turnkey investment property, this duplex delivers exceptional value in one of Long Beach’s most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,204 | 2,765 | 33% |
| Lot Size | 2,026 | 4,450 | 7% |
| Price | $995.0K | $1.10M | 27% |
| Price per sq ft | $451 | $451 | 50% |
| Built year | 1905 | 1920 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 194 | 7% |
Mar 24, 2026
$995,000
Initial Listing
Aug 16, 2017
$680,000
Public Record
Jan 18, 2017
$422,500
Public Record