Commercial > Multi-family / Apartments
Active
06/10/2025
List Price
$1,450,000$537/ft²
1403 Lemon Ave
Long Beach, CA 90813
- 10Beds
- 4Baths
- 2,700ft²Living Area
- 6,603ft²Lot Size
- -Pool
- 4Car
- 1924Year Built
- 49DOM
- 8Permits
1403 Lemon Ave, Long Beach, CA 90813 is a 10 bed, 4 bath, 2,700 ft² multi-family/apartments property built in 1924 on a 0.152 acre lot with 8 construction permits. This multi-family/apartments is currently for sale for $1,450,000, and it was last sold in 2001 for $181,500.
MLS Description
The listing agent's description. Original Listing
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 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
Listing Agents
The listing agent for 1403 Lemon Ave is Milla Pariser.
MP
Milla Pariser
Beverly and Company
License: 02006267
Phone: (818) 382-4160
Permits
1403 Lemon Ave has 8 permit records.
Permit History
8
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$4,339.56From latest Total Assessed Value1.62%Total Assessed Value$268,108=Land+
Assessed Value$147,719Additions
Assessed Value$120,389
In 2024, taxes billed for 1403 Lemon Ave were $4,339.56, which is 1.62% from latest Total Assessed Value of $268,108.
Property History
1403 Lemon Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1403 Lemon Ave
Hazard Risks
Earthquake452Carb Mono128Lead112Ozone109Particulates109Air Pollution106Nat'l Avg100Tornado77Weather32Hurricane9Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1403 Lemon Ave.
Walkability Index
10 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1403 Lemon Ave has a walkability score of 10 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
47°F
High
66°F
Summer
Average
Low
61°F
High
78°F
In the winter at 1403 Lemon Ave, temperatures range from 46.51°F to 66.14°F with an average of 56.33°F. In the summer, the temperature ranges from 61.16°F to 78.12°F with and average of 69.64°F.
School Information
Public/private schools serving 1403 Lemon Ave
Public Schools
Franklin Classical Middle School
Grades: 6-8
0.72 mi
B-
Polytechnic High School
Grades: 9-12
0.31 mi
C+
John G. Whittier Elementary School
Grades: KG-5
0.53 mi
D
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1403 Lemon Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Central Long Beach, Long Beach, CA 90813.
Seasonal Housing units 90813
3%of housing is for seasonal rent.
Daytime Population for 90813
-13%of people during work hours.
Crime Index for 90813
145
145
The crime index in 90813 is 145, which is 1.4 times higher than national average.
Market Trends
Historical market data near 1403 Lemon Ave over selected time period.
Nearby Properties on Lemon Ave
- 3608 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,528 square foot, 3 bedroom, 2 bathroom, 0.15 acre property. It was built in 1936 and has an estimate of $1,135,349 with a price per ft² of $743.
- 3630 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,909 square foot, 3 bedroom, 2 bathroom, 0.15 acre property. It was built in 1954 and has an estimate of $1,037,291 with a price per ft² of $543.
- 3617 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,526 square foot, 3 bedroom, 2 bathroom, 0.15 acre property. It was built in 1932 and has an estimate of $1,122,539 with a price per ft² of $736.
- 3615 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,272 square foot, 4 bedroom, 2 bathroom, 0.15 acre property. It was built in 1933 and has an estimate of $1,117,277 with a price per ft² of $878.
- 3602 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,192 square foot, 3 bedroom, 2 bathroom, 0.08 acre property. It was built in 1935 and has an estimate of $907,055 with a price per ft² of $761.
- 3625 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,072 square foot, 2 bedroom, 1 bathroom, 0.12 acre property. It was built in 1929 and has an estimate of $925,990 with a price per ft² of $864.
- 3627 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 3,104 square foot, 4 bedroom, 3 bathroom, 0.12 acre property. It was built in 1990 and has an estimate of $1,390,224 with a price per ft² of $448.
- 3607 Lemon Ave, Long Beach, CA 90807 (California Heights) is a 1,764 square foot, 3 bedroom, 1 bathroom, 0.15 acre property. It was built in 1934 and has an estimate of $1,128,061 with a price per ft² of $639.
- 5715 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 520 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1925 and has an estimate of $568,668 with a price per ft² of $1,094.
- 5519 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 812 square foot, 2 bedroom, 1 bathroom, 0.11 acre property. It was built in 1937 and has an estimate of $601,039 with a price per ft² of $740.
- 1919 Lemon Ave, Long Beach, CA 90806 (Poly High) is a 2,758 square foot, 4 bedroom, 4 bathroom, 0.15 acre property. It was built in 1957 and has an estimate of $999,630 with a price per ft² of $362.
- 1991 Lemon Ave, Long Beach, CA 90806 (Poly High) is a 800 square foot, 2 bedroom, 1 bathroom, 0.05 acre property. It was built in 1923 and has an estimate of $520,346 with a price per ft² of $650.
- 1993 Lemon Ave, Long Beach, CA 90806 (Poly High) is a 660 square foot, 2 bedroom, 1 bathroom, 0.05 acre property. It was built in 1923 and has an estimate of $530,782 with a price per ft² of $804.
- 5531 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 1,073 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1955 and has an estimate of $693,104 with a price per ft² of $646.
- 5520 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 854 square foot, 2 bedroom, 2 bathroom, 0.11 acre property. It was built in 1937 and has an estimate of $654,805 with a price per ft² of $767.
- 5526 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 1,626 square foot, 3 bedroom, 2 bathroom, 0.1 acre property. It was built in 1965 and has an estimate of $754,035 with a price per ft² of $464.
- 5510 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 2,281 square foot, 4 bedroom, 3 bathroom, 0.11 acre property. It was built in 1986 and has an estimate of $941,953 with a price per ft² of $413.
- 5539 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 834 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1939 and has an estimate of $661,494 with a price per ft² of $793.
- 5532 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 952 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1928 and has an estimate of $632,289 with a price per ft² of $664.
- 1848 Lemon Ave, Long Beach, CA 90806 (Poly High) is a 3,070 square foot, 2 bedroom, 1 bathroom, 0.14 acre property. It was built in 1930 and has an estimate of $1,015,316 with a price per ft² of $331.
- 5343 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 1,465 square foot, 3 bedroom, 1 bathroom, 0.16 acre property. It was built in 1948 and has an estimate of $700,710 with a price per ft² of $478.
- 5329 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 1,241 square foot, 3 bedroom, 2 bathroom, 0.15 acre property. It was built in 1948 and has an estimate of $714,528 with a price per ft² of $576.
- 5321 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 841 square foot, 2 bedroom, 1 bathroom, 0.16 acre property. It was built in 1948 and has an estimate of $635,329 with a price per ft² of $755.
- 5309 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 1,009 square foot, 3 bedroom, 1 bathroom, 0.15 acre property. It was built in 1948 and has an estimate of $557,483 with a price per ft² of $553.
- 5301 Lemon Ave, Long Beach, CA 90805 (Lindbergh) is a 1,324 square foot, 3 bedroom, 2 bathroom, 0.16 acre property. It was built in 1948 and has an estimate of $732,984 with a price per ft² of $554.
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