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1403 Lemon Avenue

Long Beach, CA 90813
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Bed 14

Bed

Bath 6

Bath

SqFt6,603

Sqft(Lot)

Welcome to 1403 Lemon Avenue, an outstanding multifamily investment located in the vibrant, rapidly appreciating area of Long Beach, California. This well-positioned five-unit income property offers investors a rare blend of strong in-place cash flow, potential for long-term value appreciation, all in one of Southern California’s most dynamic coastal cities. Positioned on a 6,519 square foot lot, the property consists of five distinct units with a combined living area of approximately 2,700 square feet. The unit mix includes: • One detached 4-bedroom, 2-bath front house, offering the feel and privacy of a single-family residence. • One 4-bedroom, 1-bath unit, perfect for larger households or shared living scenarios. • Three 2-bedroom, 1-bath units, ideal for small families, professionals, or long-term tenants. This unit diversity not only maximizes rental appeal across a broad demographic but also minimizes vacancy risk, ensuring a reliable income stream for the savvy investor. Strong Income with Upside Potential Currently two vacancies, 1403 Lemon Ave delivers an impressive 8.76% cap rate—a rare find in today’s Southern California market. With below-market rents in place and room for value-add improvements, there’s still significant upside potential for rental increases over time, particularly as the Long Beach rental market continues to strengthen. For investors seeking a stabilized asset with future growth potential, this property offers both: strong existing cash flow and long-term opportunity for rent optimization and appreciation. Parking & Storage: Valuable Add-Ons The property includes four garages and two uncovered driveway parking spaces, a premium amenity in this densely populated urban neighborhood. These spaces could potentially generate additional income if rented separately or bundled with leases—another layer of return on your investment. Garages may also appeal to owner-users, short-term rental hosts, or tenants needing extra storage. Prime Location Near Downtown Long Beach

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,250,000

AD Id : 78976183

MLS Id : SR26107777

Beds : 14

Lot Size : 6,603 Sqft

Year Built : 1924

Garage : 4

County : Los Angeles

Subdivision: Wyndwood Park

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Feature Features

  • Building Information

    Year Built: 1924
    Building Area Total: 2700
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 6603 Lot Size Acres: 0.1516 Lot Size Source: Assessor Lot Size Square Feet: 6,603 Lot Description: FrontYard,Landscaped,NearPublicTransit

    Property Information

    Subdivision: Poly High (PH) Source Property Type: ResidentialIncome Postal Code Plus 4: 2129 Property SubType: Single Family Residence Levels: MultiSplit Property Age: 102

  • Listing Price Information

    Listing Price: $1250000
    Original Price: $1395000
    Cash, CashToNewLoan, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 7268015033 Tax Lot: 36

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: East Anaheim & 10th Street WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1036 Cherry Avenue, Long Beach, CA, 90813 $2,275,000 10 -- 4,722 4,722 SqFt
1081 Cherry Avenue, Long Beach, CA, 90813 $1,050,000 2 -- 2,773 2,773 SqFt
1050 Gaviota, Long Beach, CA, 90813 $4,500,000 -- -- 12,928 12,928 SqFt
1014 Gaviota Avenue, Long Beach, CA, 90813 $668,000 2 -- 914 914 SqFt
1323 Walnut Ave, Long Beach, CA, 90813 $1,725,000 8 6 --
755 Gaviota Avenue, Long Beach, CA, 90813 $2,875,000 -- -- 6,640 6,640 SqFt
933 Walnut Avenue, Long Beach, CA, 90813 $969,000 3 2 1,312 1,312 SqFt
1377 Warren Avenue, Long Beach, CA, 90813 $1,627,000 4 -- 4,944 4,944 SqFt
1416 Orange, Long Beach, CA, 90813 $1,299,999 6 4 2,926 2,926 SqFt
1310 E Hellman, Long Beach, CA, 90813 $1,725,000 -- -- 5,735 5,735 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 13:23

MLS: SR26107777 LISTED BY: Milla Pariser, Beverly and Company 818-835-4414 SOURCE: CRMLS

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