$1,395,000
1403 Lemon Avenue, Long Beach CA 90813
Multi-Family (5 Units)
Property type
16 days
On market
$517
Price per sqft
4 cars
Garage
1924
Year built
6,603 sqft
Lot size
Open Houses
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, all in one of Southern California’s most dynamic coastal cities. Positioned on...
Listing provided by: Milla Pariser DRE #02006267 818-271-1233, Beverly and Company
Listing updated: Jun 3, 2026 at 04:19pm.
Last checked: Jun 3, 2026 at 05:00pm
Source: CRMLS #SR26107777
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,200 | $2,200 | $2,500 | Unfurnished |
| 1 | 4 | 1 | — | $2,657 | $2,657 | $3,200 | Unfurnished |
| 1 | 2 | 1 | — | $2,200 | $2,200 | $3,500 | Unfurnished |
| 1 | 2 | 1 | — | $2,200 | $2,200 | $2,500 | Unfurnished |
| 1 | 4 | 2 | — | $3,009 | $3,009 | $4,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 6
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
10.4x
List Price / Annual Gross Rent
Cap Rate
8.76%
NOI / List Price
Gross Scheduled Income: $134,268
Vacancy Allowance: $2,657
Vacancy Allowance Rate: 3%
Operating Expense: $45,000
Net Operating Income: $88,742
Annual Operating Expenses
Electric: $43
Gardener: $1,200
Insurance: $1,350
Maintenance: $2,500
Professional Management: $0
Trash: $0
Water / Sewer: $4,421
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Levels: Multi Split
Common Walls: No Common Walls
Lot Features: Front Yard, Landscaped, Near Public Transit
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7268015033
Additional Parcels: No
Tax Lot: 36
Zoning: LBR1N
Subdivision: Poly High (PH)
Community
Senior Community: No
Community Features: Curbs, Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1403 Lemon Avenue, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,116,000
Total Interest
$1,423,396
Total Payment
$2,539,396
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,657
per month
Property History for 1403 Lemon Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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