1403 Lemon Avenue Long Beach, CA 90813
Five-unit income property in Long Beach with strong cash flow.
Type:Multifamily
Property size:
2,700 SFLot size:
0.15 Acres- Added:
- Jun 11, 2025
- Days on Market:
- 295
- Last Refresh:
- Mar 18 at 7:35 am
Property Features for 1403 Lemon Avenue
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multifamily
Listing agent Milla Pariser License #02006267
Listing office Beverly and Company
Listing date Jun 11, 2025
Source Crexi
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
Overview
Multifamily Investment in Long Beach
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 and is currently 100% occupied. 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 is positioned in a rapidly appreciating area. The property delivers an 8.76% cap rate. There is potential for rental increases over time, particularly as the Long Beach rental market continues to strengthen.
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 strong cash flow.
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 $1,300,000.
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.; 100% Occupancy: Ensures a reliable and consistent income stream.; Upside Potential: Below‑market rents offer significant opportunity for rental increases and value appreciation.
