Property Details
About this Property
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 im
MLS Listing Information
MLS #
CRSR25121571
MLS Source
California Regional MLS
Days on Site
18
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Lincoln Elementary School | public | K-5 | 0.23 mi | |
| Polytechnic High School | public | 9-12 | 0.32 mi | |
| Roosevelt Elementary School | public | K-5 | 0.41 mi | |
| Whittier Elementary School | public | K-5 | 0.51 mi | |
| Franklin Classical Middle School | public | 6-8 | 0.71 mi | |
| Alvarado Elementary School | public | K-5 | 0.71 mi | |
| Robinson Academy | public | K-8 | 0.71 mi | |
| Stevenson Elementary School | public | K-5 | 0.75 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.81 mi | |
| International Elementary School | public | K-5 | 0.84 mi | |
| Jessie Nelson Academy | public | 6-8 | 0.86 mi | |
| Washington Middle School | public | 6-8 | 0.90 mi | |
| Educational Partnership High School | public | 9-12 | 0.94 mi | |
| Burnett Elementary School | public | K-5 | 1.04 mi | |
| Signal Hill Elementary School | public | K-5 | 1.08 mi | |
| Burbank Elementary School | public | K-5 | 1.12 mi | |
| Lee Elementary School | public | K-5 | 1.22 mi | |
| Willard Elementary School | public | K-5 | 1.36 mi | |
| Edison Elementary School | public | K-5 | 1.40 mi | |
| Lafayette Elementary School | public | K-5 | 1.55 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1403 Lemon Ave is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 6,603 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,480,000 and was built in 1924. This address can also be written as 1403 Lemon Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of June 12, 2025. For the most current information, please contact Milla Pariser, (818) 271-1233
