1403 Lemon Avenue, Long Beach, CA 90813

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Glen Henderson

[email protected] +1(619) 889-7646

$1,299,000

Est. payment - /mo

10 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID SR25121571

Bedrooms 10

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

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% occupancyall in one of Southern Californias 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 ratea rare find in todays Southern California market. With below-market rents in place and room for value-add improvements, theres 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 appreciatio

Location

State CA

County Los Angeles

Zoning Public Rec

Direction East Anaheim & 10th Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 7268015033

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Listed by Milla Pariser Beverly and Company

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1403 Lemon Avenue Long Beach, CA 90813

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information