1403 Lemon Avenue, Long Beach, CA 90813
Local realty services provided by:ERA Excel Realty
1403 Lemon Avenue,Long Beach, CA 90813
$1,300,000
- - Beds
- - Baths
- 2,700 sq. ft.
- Single family
- Active
Listed by: milla pariser
Office: beverly and company
MLS#:SR25121571
Source:CRMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$481.48
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 100% occupancy—all in one of Southern California’s 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 operating at full occupancy, 1403 Lemon Ave delivers an impressive 8.76% cap rate—a rare find in today’s Southern California market. With below-market rents in place and room for value-add improvements, there’s 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 property includes four garages and two uncovered driveway parking spaces, a premium amenity in this densely populated urban neighborhood. These spaces could potentially generate additional income if rented separately or bundled with leases—another layer of return on your investment. Garages may also appeal to owner-users, short-term rental hosts, or tenants needing extra storage.
Prime Location Near Downtown Long Beach...
Contact an agent
Home facts
- Year built:1924
- Listing ID #:SR25121571
- Added:274 day(s) ago
- Updated:March 05, 2026 at 02:16 PM
Rooms and interior
- Living area:2,700 sq. ft.
Structure and exterior
- Year built:1924
- Building area:2,700 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Front Yard, Landscaped, Near Public Transportatn
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$481.48
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
New listings near 1403 Lemon Avenue
- New
$1,600,000Active5 beds 3 baths2,722 sq. ft.118 Roycroft Avenue, Long Beach, CA 90803
MLS# PW26053288Listed by: EXP REALTY OF CALIFORNIA INC - New
$1,600,000Active5 beds 3 baths2,722 sq. ft.118 Roycroft Avenue, Long Beach, CA 90803
MLS# PW26053288Listed by: EXP REALTY OF CALIFORNIA INC - New
$130,000Active2 beds 2 baths1,464 sq. ft.3595 Santa Fe #19, Long Beach, CA 90810
MLS# CV26054535Listed by: MARTHEL REAL ESTATE - New
$1,769,999Active-- beds -- baths2,398 sq. ft.6532 Johnson, Long Beach, CA 90805
MLS# DW26054294Listed by: NUEVA REAL ESTATE - Open Thu, 10:30 to 1amNew
$999,000Active4 beds 2 baths1,688 sq. ft.4826 Pepperwood, Long Beach, CA 90808
MLS# PW26046687Listed by: REAL BROKERAGE TECHNOLOGIES - Open Sat, 12 to 4pmNew
$690,000Active2 beds 1 baths660 sq. ft.496 E 53rd, Long Beach, CA 90805
MLS# PW26054125Listed by: COLLEGE PARK REALTY - New
$1,195,000Active-- beds -- baths2,044 sq. ft.1073 Orizaba Avenue, Long Beach, CA 90804
MLS# PW26052809Listed by: COLDWELL BANKER REALTY - New
$470,000Active4 beds 2 baths1,102 sq. ft.2020 W 23 #17, Long Beach, CA 90810
MLS# PW26048370Listed by: TRIUMPH REAL ESTATE SOLUTIONS - New
$995,000Active-- beds -- baths1,580 sq. ft.1540 E Wardlow, Long Beach, CA 90807
MLS# PW26053430Listed by: RE/MAX R. E. SPECIALISTS - New
$1,325,000Active6 beds 4 baths532 Chestnut, Long Beach, CA 90802
MLS# CV26052460Listed by: BERKSHIRE HATH HM SVCS CA PROP