5444 Lime Avenue, Long Beach, California 90805, Long Beach, 90805 - 4 bed, 2 bath
ACTIVE$849,000
5444 Lime Avenue, Long Beach, California 90805
4Beds
2Baths
1,558Sqft
5,155Lot
Year Built
1925
Close
-
List price
$849K
Original List price
$898K
Price/Sqft
$545
HOA
-
Days on market
-
Sold On
-
MLS number
IG25124254
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $849.0K(48th), sqft - 1558(32th), beds - 4(74th), baths - 2(65th).
HUGE price reduction on this charming duplex with Long-Term Tenants – Great Investment Opportunity! Don't miss this well-maintained duplex featuring two separate units, each offering 2 bedrooms and 1 bathroom. Both units include separate utilities, washer and dryer hookups for added convenience. Long-term, reliable tenants are already in place, making this an ideal opportunity for investors seeking stable rental income. Whether you're expanding your portfolio or looking for a multi-family property with potential, this duplex has plenty to offer! Seller is very motivated! Don't miss this rare opportunity!
Price History
Date
Event
Price
09/17/25
Price Change
$849,000
06/05/25
Listing
$898,000
04/05/10
Sold
$265,000
01/11/06
Sold
$545,000
12/18/03
Sold
$290,000
Condition Rating
Fair
Built in 1925, this duplex is aged but appears to be maintained, as indicated by the description and the presence of long-term tenants. The exterior shows significant wear and dated features (stucco, tile roof, older windows with security bars). While one interior photo shows updated laminate flooring, there are no images of the kitchen or bathrooms, suggesting they are likely functional but outdated, consistent with a property of this age that has not undergone a recent extensive renovation. It requires minor updates to modernize but is not in a state of disrepair.
Pros & Cons
Pros
Established Rental Income: The property boasts long-term, reliable tenants already in place, ensuring immediate and stable rental income for a new investor.
Duplex Configuration: As a duplex with two separate 2-bedroom, 1-bathroom units, it offers diversified income streams and flexibility for future investment strategies.
Tenant Convenience & Management: Each unit includes separate utilities and washer/dryer hookups, enhancing tenant convenience and simplifying property management for the owner.
Significant Price Reduction: A recent price reduction from $898,000 to $849,000 indicates strong seller motivation and presents a more attractive entry point for potential buyers.
Investment Opportunity: Explicitly marketed as a 'Great Investment Opportunity,' this property is ideal for expanding a portfolio or acquiring a multi-family asset.
Cons
Age of Property: Built in 1925, the property is nearly a century old, which may imply outdated systems (plumbing, electrical) and potentially higher maintenance costs or future capital expenditures.
Compact Unit Sizes: With 1558 sqft divided into two 2-bedroom units, each unit is relatively compact, which could limit appeal to tenants seeking more spacious living accommodations.
Unspecified Modernization: While described as 'well-maintained,' the listing does not detail recent major renovations or modern upgrades, suggesting that an older aesthetic or functional components may still be present.