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    FOR SALE
    Multifamily properties

    3711 Lemon Ave Long Beach, CA 90807

    Built 1947
    Property ID
    US10-0446426
    3711 Lemon Ave, Long Beach, CA 90807 For Sale 1 / 69
    $1,600,000
    3711 Lemon Ave, Long Beach, CA 90807
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    AI-generated overview

    Discover a rare real estate gem in the heart of the historic California Heights neighborhood. This expansive residential property spans three parcels totaling nearly 10,000 square feet, offering an unparalleled combination of privacy, versatility, and investment potential. Unlike traditional multi-family layouts, this property is uniquely comprised of three distinct, standalone-style residences, providing each occupant with a level of seclusion seldom found in multi-family living. The primary residence and front house is a sprawling 3-bedroom, 2-bathroom home encompassing 1,886 square feet. Highlights include original hardwood floors, a spacious living room with fireplace, a versatile den, perfect for a home office or library and an oversized patio and private backyard, ideal for California indoor-outdoor living. Residence 2: The Carriage House is positioned above the 3 separate, 1-car garages for maximum privacy, this unit also features a generous 3-bedroom, 2-bathroom floor plan with updated kitchen cabinets and granite countertops. Residence 3: The Garden Cottage is a charming standalone 1-bedroom, 1-bathroom unit with vaulted ceilings that create an airy, expansive feel. It has updated kitchen cabinets, a private yard and parking for one vehicle plus two exclusive storage units. Each residence is equipped with its own in unit laundry facilities, as well as individual electric and gas meters. All of this is located in the highly sought-after Cal Heights and greater Bixby Knolls neighborhood, known for its strong sense of community and proximity to some of the city’s best shopping, dining, and essential services. Residents also enjoy easy access to award-winning schools, public transportation, and major thoroughfares and just a short distance from Long Beach Airport. Whether you're a savvy investor seeking a high-yield asset or a homeowner looking for an opportunity to live in on unit while the two additional units generate substantial rental income to help offset your mortgage, this property has it all! bikeScore: 72, Very Bikeable walkScore: 70, Very Walkable transitScore: 43, Some Transit

    Property profile
    Verified
    Property type Multifamily properties
    Year built 1947
    UPID US10-0446426
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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