Long Beach Multifamily Investment
1403 Lemon Avenue, Long Beach, CA 90813
Single Family Residence - Long Beach, CA
Type:Single Family Residence
Property size:
2,700 SFLot size:
6,603.00 AcresPrice / SF:
$516/SF- Added:
- May 20, 2026
- Days on Market:
- 9
- Last Refresh:
- May 28 at 5:06 am
Property Features for 1403 Lemon Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- LBR1N
- Bedrooms
- 14
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 4
- Exterior features
- Community Features Included: Curbs, Street Lights, Storm Drains, Sidewalks, Lot 6500-9999, Landscaped, Near Public Transit, Front Yard
- Standard status
- Active
- APN
- 7268015033
- Size
- 2,700 SF
- Lot size
- 6,603.00 Acres
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Number of units
- 5
- Architectural style
- Other
Listing agent Milla Pariser License #02006267 (818) 271-1233
Listing office Beverly and Company 23801 Calabasas Rd., SHERMAN OAKS, CA (818) 835-4414
Listing date May 20, 2026
MLS# SR26107777
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High 8.76% Cap Rate: Delivers strong in‑place cash flow, a rare find in Southern California.
- Two Vacant Units: Offers immediate opportunity to increase rental income.
- Diverse Unit Mix: Includes a detached 4‑bedroom house, a 4‑bedroom unit, and three 2‑bedroom units, maximizing rental appeal.
- Parking & Storage: Features four garages and two uncovered parking spaces, providing potential for additional income.
- Upside Potential: Below‑market rents allow for significant rental increases and value‑add improvements.
- Prime Location: Located in the rapidly appreciating area of Long Beach, near Downtown and public transit.
Overview
Located in Long Beach, California, this multifamily property at 1403 Lemon Avenue presents an investment opportunity. The property features five units situated on a 6,519 square foot lot, with a combined living area of approximately 2,700 square feet. The unit mix includes one detached 4-bedroom, 2-bath front house, one 4-bedroom, 1-bath unit, and three 2-bedroom, 1-bath units. The property includes four garages and two uncovered driveway parking spaces. The property is located near Downtown Long Beach. The property offers potential for rental increases over time as the Long Beach rental market continues to strengthen.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1793092
- Latitude
- 33.7839601
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit income property in Long Beach with upside potential.
Where is this apartment building located?
The property is located at 1403 Lemon Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: High 8.76% Cap Rate: Delivers strong in‑place cash flow, a rare find in Southern California.; Two Vacant Units: Offers immediate opportunity to increase rental income.; Diverse Unit Mix: Includes a detached 4‑bedroom house, a 4‑bedroom unit, and three 2‑bedroom units, maximizing rental appeal.
