1403 Lemon Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,480,000 USD
310-422-0834
1403 Lemon Ave, Long Beach, CA for Sale
$1,480,000 USD
Apartments - FOR SALE
1/6
null | 8.76% Cap Rate

1403 Lemon Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Location

OVERVIEW

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. Also check out: 433 W 9th Street presents a rare opportunity to acquire a classic four-unit building with exceptional upside. Each of the four spacious units offers a well-designed 4-bedroom, 1-bathroom layout, averaging approximately 1,254 sq. ft. (buyer to verify), providing generous living spaces ideal for families, shared housing, or long-term tenants.

FOR SALE DETAILS

PRICE

$1,480,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

5

PRICE/UNIT

$296,000

CAP RATE

8.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LBR1N

APN/PARCEL ID

7268-015-033

ASK ABOUT THIS PROPERTY

Wendy PoloBeverly & CompanyMore Info
310-422-0834

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Wendy PoloBeverly & CompanyMore Info
310-422-0834

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.