1403 Lemon Avenue, Long Beach, CA 90813
Local realty services provided by:ERA North Orange County Real Estate
1403 Lemon Avenue,Long Beach, CA 90813
$1,300,000
- 10 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: milla pariser
Office: beverly and company
MLS#:SR25121571
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,300,000
About this home
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, and the benefit of 2 vacancies to increase rentall 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 appreciatio...
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Home facts
- Listing ID #:SR25121571
- Added:325 day(s) ago
- Updated:May 03, 2026 at 01:48 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
Structure and exterior
- Levels:Split Level
Finances and disclosures
- Price:$1,300,000
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