Long Beach Multifamily Investment
1403 Lemon Ave, Long Beach, CA 90813
Five-unit property with income potential in Long Beach, California.
Type:Investment
Property size:
2,700 SFLot size:
0.15 AcresPrice / SF:
$516/SF- Added:
- May 21, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 4:49 pm
Property Features for 1403 Lemon Ave
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.15 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1924
Listing agent Milla Pariser License #02006267 (818) 271-1233
Listing office Beverly and Company, Inc. (818) 271-1233
Listing date May 21, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Beverly and Company, Inc.
HighLights
- High 8.76% Cap Rate: Rare opportunity for strong in‑place cash flow.
- Two Vacant Units: Immediate opportunity to increase rental income.
- Upside Potential: Below‑market rents offer significant opportunity for future rental increases.
- Diverse Unit Mix: Includes a detached 4‑bedroom house, a 4‑bedroom unit, and three 2‑bedroom units.
- Ample Parking & Storage: Features four garages and two driveway spaces.
- Prime Location: Very Walkable location near Downtown Long Beach.
Overview
Located in Long Beach, California, 1403 Lemon Avenue is a five-unit multifamily property situated on a 6,519 square foot lot. The property has 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 location has a walk score of 87, making it very walkable, a bike score of 59, making it bikeable, and a transit score of 50, indicating good transit options. The property offers potential for long-term value appreciation and the benefit of vacancies to increase rent. There is room for value-add improvements and rental increases over time, particularly as the Long Beach rental market continues to strengthen. The garages may also appeal to owner-users, short-term rental hosts, or tenants needing extra storage.
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 property with income potential in Long Beach, California.
Where is this apartment building located?
The property is located at 1403 Lemon Ave 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: Rare opportunity for strong in‑place cash flow.; Two Vacant Units: Immediate opportunity to increase rental income.; Upside Potential: Below‑market rents offer significant opportunity for future rental increases.
