CA > Long Beach
Long Beach, CA 90813,1403 Lemon Avenue
Long Beach, CA 90813,1403 Lemon Avenue
Long Beach, CA 90813,1403 Lemon Avenue
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$1,299,000
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2,700 SqFt
Active

1403 Lemon Avenue Long Beach, CA 90813

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Corcoran Icon Properties

+1(925) 864-5757

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $481

MLS Listing ID CRSR25121571

HOA Y/N No

Year Built 1924

Lot Size 6,603 Sqft

Acres 0.15

Property Sub-Type Other

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

Location

State CA

County Los Angeles

Zoning LBR1

Interior

Fireplace No

Laundry No Hookups

Building

Lot Description Other, Front Yard

New Construction No

Others

Tax ID 7268015033

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Milla Pariser • Beverly and Company

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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1403 Lemon Avenue

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