1403 Lemon Ave Long Beach, CA 90813
Central NeighborhoodEstimated payment $6,988/month
Highlights
- Property is near public transit
- Landscaped
- 1-Story Property
- Long Beach Polytechnic High School Rated A
- Front Yard
- 5-minute walk to Ernest McBride Park
About This Home
SELLER FINANCING AVAILABLE AT 5% INTEREST—AN EXCEPTIONAL OPPORTUNITY FOR QUALIFIED BUYERS, SUBJECT TO SELLER APPROVAL AND MUTUALLY AGREED-UPON TERMS.
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 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: 05/20/2026
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
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,700 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 6 Full 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
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $4,530 | $278,937 | $153,686 | $125,251 |
| 2025 | $4,530 | $273,469 | $150,673 | $122,796 |
| 2024 | $4,340 | $268,108 | $147,719 | $120,389 |
| 2023 | $4,258 | $262,852 | $144,823 | $118,029 |
| 2022 | $4,022 | $257,699 | $141,984 | $115,715 |
| 2021 | $3,919 | $252,647 | $139,200 | $113,447 |
| 2020 | $3,909 | $250,057 | $137,773 | $112,284 |
| 2019 | $3,864 | $245,155 | $135,072 | $110,083 |
| 2018 | $3,654 | $240,349 | $132,424 | $107,925 |
| 2016 | $3,365 | $231,018 | $127,283 | $103,735 |
| 2015 | $3,245 | $227,549 | $125,372 | $102,177 |
| 2014 | $3,251 | $223,093 | $122,917 | $100,176 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2026 08/26/26 | Price Changed | $1,198,000 | -4.2% | $444 / Sq Ft |
| 07/20/2026 07/20/26 | Price Changed | $1,250,000 | 0.0% | $463 / Sq Ft |
| 07/20/2026 07/20/26 | For Sale | $1,250,000 | -10.4% | $463 / Sq Ft |
| 07/14/2026 07/14/26 | Off Market | $1,395,000 | -- | -- |
| 05/20/2026 05/20/26 | For Sale | $1,395,000 | -- | $517 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $181,500 | United Title Company | |
| Grant Deed | $139,000 | -- | |
| Grant Deed | -- | Fidelity National Title Ins | |
| Trustee Deed | $240,998 | Fidelity National Title Ins | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Grant Deed | $212,000 | -- | |
| Grant Deed | $105,000 | American Title Company | |
| Trustee Deed | $83,724 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,000,000 | New Conventional | |
| Closed | $315,000 | Commercial | |
| Closed | $915,000 | Commercial | |
| Closed | $3,430,000 | Commercial | |
| Closed | $3,000,000 | Commercial | |
| Previous Owner | $204,298 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26107777
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
- 1136 E Alhambra Ct
- 1045 E New York St
- 1047 E New York St
- 1442 Alamitos Ave
- 1402 Olive Ave
- 1416 Orange Ave
- 1377 Warren Ave
- 926 E 11th St
- 1007 Lewis Ave
- 1390 Gundry Ave
- 1071 Olive Ave
- 1347 Atlantic Ave
- 1331 Atlantic Ave
- 1490 Gundry Ave
- 1224 E 17th St
- 1168 E 10th St Unit 218B
- 1040 N Almond Ct
- 1720 Cerritos Ave
- 1491 Atlantic Ave
- 1749 Lewis Ave
- 1386-1388 Martin Luther King jr Ave
- 1388 Martin Luther King jr Ave Unit 8
- 1423 Martin Luther King jr Ave Unit 3
- 1470 Martin Luther King jr Ave
- 1409-1415 N Warren Ave Unit 1415
- 1208 Lime Ave Unit C
- 1094 Lime Ave
- 1490 Gundry Ave Unit C
- 921 Alamitos Ave Unit 10
- 1493 Atlantic Ave
- 925 N Washington Place
- 1495 N Peterson Ave
- 908 Martin Luther King jr Ave Unit 7
- 1349 Walnut Ave Unit A
- 1349 Walnut Ave
- 533 E 11th St Unit 1
- 533 E 11th St Unit 12
- 1021-1027 Hoffman Ave Unit 1023
- 1021-1027 Hoffman Ave Unit 1021
- 642 E 10th St Unit A
Ask me questions while you tour the home.