1403 Lemon Avenue, Long Beach, CA 90813

• 2,700 sqft

Property Description

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, and the benefit of 100% occupancy—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 operating at full occupancy, 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

Listing Status:

Active

Date Added:

June 10, 2025 at 05:00AM

Listing Office:

Beverly and Company : 818-382-4160

Listing Agent:

Milla Pariser : 818-271-1233

MLS ID:

CRSR25121571

Interior

• Laundry: No Hookups

Location

• County: Los Angeles

Lot

• Zoning: LBR17268015033

This listing courtesy of Milla Pariser, Beverly and Company