1403 Lemon Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1403 Lemon Avenue,Long Beach, CA 90813
$1,198,000
- 10 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: milla pariser
Office: beverly and company
MLS#:SR26107777
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,198,000
About this home
SELLER FINANCING AVAILABLE AT 5% INTERESTAN 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 Californias 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 ratea rare find in todays Southern California market. With below-market rents in place and room for value-add improvements, theres 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...
Contact an agent
Home facts
- Subdivision & Development:Poly High (PH)
- Listing ID #:SR26107777
- Added:142 day(s) ago
- Updated:October 10, 2026 at 02:03 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:4
Structure and exterior
- Levels:Split Level
Finances and disclosures
- Price:$1,198,000
New listings near 1403 Lemon Avenue
- Coming Soon
$2,499,000Coming Soon-- beds -- baths2,008 sq. ft.65 61st Place, Long Beach, CA 90803
MLS# PW26218898Listed by: KEVIN DAVIS R.E. BROKER - Coming Soon
$589,900Coming Soon2 beds 1 baths594 sq. ft.110 E Morningside, Long Beach, CA 90805
MLS# CV26210902Listed by: COLDWELL BANKER EXCLUSIVE - Coming Soon
$1,299,000Coming Soon3 beds 2 baths1,701 sq. ft.4402 Rutgers Avenue, Long Beach, CA 90808
MLS# PW26202858Listed by: RE/MAX R. E. SPECIALISTS - Coming Soon
$895,000Coming Soon2 beds 1 baths1,008 sq. ft.5849 E Huntdale Street, Long Beach, CA 90808
MLS# PW26208645Listed by: REALTY ONE GROUP UNITED - Coming Soon
$575,000Coming Soon3 beds 2 baths1,668 sq. ft.3595 Santa Fe #181, Long Beach, CA 90810
MLS# PW26214575Listed by: PACIFIC ESTATES - Coming Soon
$495,000Coming Soon1 beds 1 baths680 sq. ft.388 E Ocean Boulevard #511, Long Beach, CA 90802
MLS# PW26206559Listed by: WAVE REALTY - Coming Soon
$849,000Coming Soon3 beds 1 baths1,325 sq. ft.2359 Golden, Long Beach, CA 90806
MLS# RS26211595Listed by: CENTURY 21 ON TARGET - Coming Soon
$799,999Coming Soon-- beds -- baths1,923 sq. ft.5947 John Avenue, Long Beach, CA 90805
MLS# DW26212357Listed by: CENTURY 21 ALLSTARS - New
$559,000Active1 beds 1 baths632 sq. ft.1750 E Ocean #403, Long Beach, CA 90802
MLS# WS26220432Listed by: AFFLUENT REALTY - New
$947,000Active2 beds 3 baths1,304 sq. ft.1 3rd Place #2, Long Beach, CA 90802
MLS# PW26217414Listed by: COLDWELL BANKER REALTY