1403 Lemon Avenue
Long Beach, CA 90813
Listing broker / agent: Beverly and Company · Milla Pariser · 818-271-1233 · CRMLS
MLS # SR26107777 · Last checked Nov 14, 2026 22:20 UTC
About this property
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
Property details
- MLS number
- SR26107777
- Status
- Pending
- Type
- Residential Income
- Subtype
- Single Family Residence
- Lot size
- 0.1516 acres
- Reported private pool
- No
- Year built
- 1924
More property detailsCollapse
Listing
- Days on market
- 161
Building
- Year built
- 1924
- Year built source
- Public Records
- Building stories
- 1
- Levels
- Multi Split
- Entry level
- 1
Rooms & interior
- Laundry
- None
Exterior & parking
- Total parking spaces
- 4
- Garage spaces
- 4
- Pool
- None
- Lot features
- Front Yard, Landscaped, Near Public Transit
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Curbs, Storm Drains, Street Lights, Sidewalks
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Ask about the price, layout, parking, or another reported property detail.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Clear Passage Educational Center (school website, opens in a new tab) Long Beach Unified · Long Beach | 9–12 | 0.1 mi |
| Lincoln Elementary Long Beach Unified · Long Beach | K–5 | 0.2 mi |
| Polytechnic High Long Beach Unified · Long Beach | 9–12 | 0.3 mi |
| Roosevelt Elementary Long Beach Unified · Long Beach | K–5 | 0.4 mi |
| Whittier Elementary Long Beach Unified · Long Beach | K–5 | 0.5 mi |
| Intellectual Virtues Academy (school website, opens in a new tab) Los Angeles County Office of Education · Long Beach | 9–12 | 0.7 mi |
| Washington Middle Long Beach Unified · Long Beach | 6–8 | 0.7 mi |
| Robinson Academy Long Beach Unified · Long Beach | K–8 | 0.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,095,000
- MLS-reported original asking price
- $1,395,000
- MLS-reported previous asking price
- $1,198,000
- MLS-reported last price change
- 2026-10-26 12:19 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 26, 2026 19:32 | $1,095,000 |
| Oct 2, 2026 08:47 | $1,198,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
172 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-11-15 00:19 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗