NOT LISTED FOR SALE

2024 Lemon Ave Long Beach, CA 90806

Sunrise Neighborhood
6 Beds
6 Baths
2,016 Sq Ft
6,514 Sq Ft Lot

Last Sold September 21, 2022

Last sale price $1,275,000 $632 Per Sq Ft

86 Days on Market

Highlights

  • Gated Parking
  • Fireplace in Bathroom
  • Side by Side Parking
  • Long Beach Polytechnic High School Rated A
  • Ground Level Unit
  • 3-minute walk to Martin Luther King Jr Park

About This Home

As of September 2022

2024 Lemon Avenue presents an opportunity for a purchaser to follow the lead of the long-term ownership in a value-add apartment complex located in the "Poly High" neighborhood of Long Beach. As consistent management, renovations, and turnover has provided a steady increase in income - and the property currently features a rent-ready vacancy - a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency.|6 Units Across 2 Structures - Built In 1922 - All 1 Bedroom + 1 Bathroom Units - 2,016 Gross Square Feet - Individually Metered for Electricity & Gas - Parking Lot In Rear - 5 Parking Spaces - Gated Access To Property - Corner Units (A, C, D, F) Remodeled in 2018-19 - 6,514 Square Foot Lot - LBR1N Zoning - One Vacancy As of 8/1/22.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 06/06/2022

Last Buyer's Agent

Marissa Mashburn

Marissa G. Mashburn, Broker License #01198531

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 6,514 Sq Ft Lot
  • Lot Dimensions are 50x130
  • East Facing Home
  • Gated Home
  • Back and Front Yard

Home Design

  • Bungalow

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 6 Bathrooms
  • Fireplace in Bathroom

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Side by Side Parking
  • Gated Parking

Location

  • Ground Level Unit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 7210-027-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 2016
  • Lot Acreage: 0.1495
  • Lot Dimensions: 50x130
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath, Dining, Gas Starter, Gas, Living Room
  • Appliances: Range, Oven
  • Bedrooms: 6
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 632.44

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Uncovered, Side By Side, Gated
  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 50.00
  • Assessed Improvement Value: 226498
  • Assessed Land Percent: 50
  • Assessed Land Value: 226498
  • Total Assessed Value: 452996
  • Assessor Parcel Number: 7210-027-011
  • Lot Description: Front Yard, Back Yard, Single Lot
  • Lot Size Area: 6514

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.88
  • Number Of Units: 6
  • Total Annual Expense: 31058
  • Type Of Units: Standard
  • Vacancy Rate: 1

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2022 09/21/22 Sold $1,275,000 0.0% $632 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,275,000 +218.8% $632 / Sq Ft
12/14/2012 12/14/12 Sold $400,000 -2.2% $198 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $409,000 -- $203 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Harrington

    Seller's Agent in 2022

    David Harrington

    Matthews Real Estate Investment Services

    (866) 889-0550

    1 in this area

    35 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Marissa Mashburn

    Marissa G. Mashburn, Broker

    (562) 397-3192

    1 in this area

    3 Total Sales

    Marissa Mashburn
    Section Image

  • V

    Seller's Agent in 2012

    Vincent Cervantes

    Freedom Homes

    (562) 732-4640

    2 in this area

    14 Total Sales

    Vincent Cervantes
    Section Image
  • Karen Anderson

    Buyer's Agent in 2012

    Karen Anderson

    Keller Williams Realty

    (310) 251-2883

    241 Total Sales

    Karen Anderson
    Section Image
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Map

Source: The MLS

MLS Number: 22-164893

The MLS

California Los Angeles County Long Beach 90806 Sunrise

2024 Lemon Ave, Long Beach, CA

This home is located at 2024 Lemon Ave, Long Beach, CA 90806 since 06 June 2022. This property was built in 1922. 2024 Lemon Ave is a home located in Los Angeles County with nearby schools including Signal Hill Elementary School, Nelson Academy, and Long Beach Polytechnic High School.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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