Home | Los Angeles County | Long Beach | 90813 | 1403 Lemon Ave
MLS: CRSR26107777 | Status: | Price: $1,395,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,603 | 1924 |
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 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 two vacancies, 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 pot
| Field | Value |
|---|---|
| MLS # | CRSR26107777 |
| MLS Source | California Regional MLS |
| Days on Site | 15 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
Milla Pariser
Beverly and Company
License #: 02006267
Phone: (818) 271-1233
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
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This listing information is up-to-date as of June 03, 2026. For the most current information, please contact Milla Pariser, (818) 271-1233.