1403 Lemon Ave Long Beach, CA 90813

Building Details

Year Built

1924

Listing office Beverly and Company, Inc. m***@gmail.com Show Phone

Listing date May 21, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Beverly and Company, Inc.

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Investment Insights

Based on property information with market context.

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.

Key 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.

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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.