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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1403 Lemon Avenue Long Beach, CA 90813
$1,095,000 0 beds, 0 baths
0 sqft
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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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SELLER FINANCING AVAILABLE AT 5% INTEREST—AN EXCEPTIONAL OPPORTUNITY FOR QUALIFIED BUYERS, SUBJECT TO SELLER APPROVAL AND MUTUALLY AGREED-UPON TERMS. 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, 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 two vacancies, 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 Details

Property type: Single Family Residence (Multi-Family)
Status: Pending
MLS# SR26107777
List price is $1,095,000 Reduced by $103,000 on 10/26/2026
Beds: 0
Baths: 0
Built in 1924
0.15 acres
Lot size: 0.1516
Subdivision: Poly High (PH)
County: Los Angeles
Zoning: LBR1N
Lot description: Front Yard,Landscaped,Near Public Transit
MLS area: 9 - Poly High

Last Updated: 11/4/2026

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This listing belongs to the 9 - Poly High MLS area

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Lat/Long: 33.783966, -118.179308.
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Listing Agent: Milla Pariser
Lic#: 02006267
Broker: Courtesy of Beverly and Company

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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