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
$1,299,000
- - Beds
- - Baths
- 2,700 sq. ft.
- Single family
- Active
Listed by: milla pariser
Office: beverly and company
MLS#:SR25121571
Source:CRMLS
Price summary
- Price:$1,299,000
- Price per sq. ft.:$481.11
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:157 day(s) ago
- Updated:November 15, 2025 at 03:20 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
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,299,000
- Price per sq. ft.:$481.11
New listings near 1403 Lemon Avenue
- Open Sun, 11am to 3pmNew
$1,090,000Active3 beds 2 baths1,227 sq. ft.2615 Petaluma, Long Beach, CA 90815
MLS# OC25260801Listed by: HALEY ENTERPRISES INC - New
$1,200,000Active3 beds 2 baths1,577 sq. ft.2870 Albury, Long Beach, CA 90815
MLS# PW25259514Listed by: KELLER WILLIAMS COASTAL PROP. - Open Sun, 1 to 4pmNew
$750,000Active4 beds 3 baths1,554 sq. ft.6228 Lemon, Long Beach, CA 90805
MLS# NP25249016Listed by: COLDWELL BANKER REALTY - New
$485,000Active2 beds 1 baths871 sq. ft.1237 E 6th Street #110, Long Beach, CA 90802
MLS# PW25258956Listed by: DUNFEE REAL ESTATE SERVICES
$689,000Active2 beds 2 baths1,098 sq. ft.2500 E 4th Street #203, Long Beach, CA 90814
MLS# OC25249214Listed by: SURTERRE PROPERTIES INC- New
$485,000Active2 beds 1 baths871 sq. ft.1237 E 6th Street #110, Long Beach, CA 90802
MLS# PW25258956Listed by: DUNFEE REAL ESTATE SERVICES - New
$4,750,000Active7 beds 25 baths14,055 sq. ft.330 Cedar Avenue, Long Beach, CA 90802
MLS# 25618923Listed by: THE AGENCY - Open Sun, 1 to 4pmNew
$649,000Active2 beds 2 baths1,018 sq. ft.334 Gladys Avenue #305, Long Beach, CA 90814
MLS# PW25260151Listed by: ONTRAK REAL ESTATE - Open Sat, 12 to 3pmNew
$899,990Active3 beds 1 baths1,219 sq. ft.7022 Peabody, Long Beach, CA 90808
MLS# PW25242274Listed by: SEVEN GABLES REAL ESTATE - New
$1,475,000Active2 beds 1 baths1,187 sq. ft.1350 E 8th, Long Beach, CA 90813
MLS# OC25260438Listed by: HPT REALTY