1403 Lemon Ave Long Beach, CA 90813
Central NeighborhoodEstimated payment $9,336/month
Total Views
14,163
10
Beds
4
Baths
2,700
Sq Ft
$537
Price per Sq Ft
Highlights
- Property is near public transit
- Landscaped
- 1-Story Property
- Long Beach Polytechnic High School Rated A
- Front Yard
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
Listing Agent
Beverly and Company Brokerage Phone: 818-271-1233 License #02006267 Listed on: 06/10/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1924
Lot Details
- 6,603 Sq Ft Lot
- Landscaped
- Front Yard
- Property is zoned LBR1N
Parking
- 4 Car Garage
Interior Spaces
- 2,700 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 36
- Tax Tract Number 1761
- Assessor Parcel Number 7268015033
- $987 per year additional tax assessments
Community Details
Overview
- 5 Units
- Poly High Subdivision
Building Details
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $1,450,000 | -2.0% | $537 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $1,480,000 | -- | $548 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25121571
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1148 E 15th St
- 1463 Orange Ave
- 1021 E 12th St
- 1125 E 17th St
- 1082 Lewis Ave
- 1209 Olive Ave
- 1075 Martin Luther King jr Ave
- 1390 Gundry Ave
- 1720 Cerritos Ave
- 1224 E 17th St
- 1340 Gundry Ave
- 1107 Mahanna Ave
- 1035 Orange Ave
- 1027 E 10th St
- 1145 E 10th St
- 911 E 10th St
- 1030 Olive Ave
- 1100 E 10th St
- 1020 E 10th St
- 1012 E 10th St
- 1386-1388 Martin Luther King jr Ave
- 1119 E 15th St Unit 1119
- 1467 Orange Ave
- 1203 E 15th St Unit 1500 Orang
- 1203 E 15th St Unit 1207
- 1203 E 15th St Unit 1205
- 1128 Orange Ave
- 1211 Hoffman Ave
- 1495 N Peterson Ave
- 1324 N Peterson Ave Unit 13
- 1777 Cerritos Ave Unit 6
- 1777 Cerritos Ave Unit 1
- 925 N Washington Place
- 539 E 11th St Unit 6
- 1430 E 17th St
- 1875 Lemon Ave Unit B
- 1859 Orange Ave Unit House
- 1400 E 9th St Unit D
- 1625 E 10th St
- 736 Olive Ave Unit 752