$1,395,000

1403 Lemon Avenue, Long Beach, CA 90813

  • 10 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon6,604sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Welcome to 1403 Lemon Avenue, an outstanding multifamily investment located in the vibrant, rapidly appreciating area of Long Beach, California. This well-positioned five-unit income property offers investors a rare blend of strong in-place cash flow, potential for long-term value appreciation, all in one of Southern Californias most dynamic coastal cities. Positioned on a 6,519 square foot lot, the property consists of five distinct units with a combined living area of approximately 2,700 square feet. The unit mix includes: One detached 4-bedroom, 2-bath front house, offering the feel and privacy of a single-family residence. One 4-bedroom, 1-bath unit, perfect for larger households or shared living scenarios. Three 2-bedroom, 1-bath units, ideal for small families, professionals, or long-term tenants. This unit diversity not only maximizes rental appeal across a broad demographic but also minimizes vacancy risk, ensuring a reliable income stream for the savvy investor. Strong Income with Upside Potential Currently two vacancies, 1403 Lemon Ave delivers an impressive 8.76% cap ratea rare find in todays Southern California market. With below-market rents in place and room for value-add improvements, theres still significant upside potential for rental increases over time, particularly as the Long Beach rental market continues to strengthen. For investors seeking a stabilized asset with future growth potential, this property offers both: strong existing cash flow and long-term opportunity for rent optimization and appreciation. Parking & Storage: Valuable Add-Ons The prop

Listing Status:
Active
Date Added:
May 20, 2026
Data Last Updated:
July 5, 2026 at 12:12AM
Listing Office:
Beverly and Company :
Listing Agent:
Milla Pariser : 818-271-1233
MLS ID:
SR26107777
  • Pool: N/K
  • General: Split Level
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Public Rec7268015033
  • Source: California Regional MLS

This listing courtesy of Milla Pariser , Beverly and Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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