Backup offers
$10,000 Closing Credit¹
#PW25089308, Julie Sandoval, Listing office: Home Smart Realty Group
#SR25121571·
Listing office: Beverly and Company·
Listing agent: Milla Pariser·
Listing office phone: 818-271-1233
$1,480,000 List price
1403 Lemon Ave Long Beach, CA 90813
$10,000
Closing credit¹
0.2 acres
House
Property details
About 1403 Lemon Ave
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
Highlights
Home typeSingle Family Residence
StatusActive
Lot size0.1516 Acres
Year built1924
MLS #SR25121571
Garage4 spaces
Summary
- Garage Space: 4 spaces
- Private Pool: No
- List Price: $1,480,000
- HOA Amount: $0
- Annual Tax Amount: $4,339
- Tax Year: 2024
- Lot: Front Yard, Landscaped, Near Public Transit
- Directions: East Anaheim & 10th Street
- Year Built: 1924
- Stories: 1
- Lot Size: 0.1516 Acres
- MLS Number: SR25121571
- MLS Name: CRMLS
- Office Name: Beverly and Company
- Office Phone: (818) 271-1233
- Listing Agent: Milla Pariser
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/13/2025, 8:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,480,000
1403 Lemon Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 22, 2001 | Home Sold | $181,500 |
| Dec 01, 2000 | Home Sold | $139,000 |
| Feb 28, 1997 | Home Sold | $212,000 |
| Oct 15, 1996 | Home Sold | $83,724 |
| Dec 06, 1991 | Home Sold | $181,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $268,108 | $4,339 |
| 2023 | $262,852 | $4,258 |
| 2022 | $257,699 | $4,021 |
| 2021 | $252,647 | $3,919 |
| 2020 | $250,057 | $3,864 |
| 2019 | $245,155 | $3,654 |
| 2018 | $240,349 | $3,614 |
| 2017 | $235,637 | $3,614 |
History based on county public records data.
Nearby schools
6
Lincoln Elementary School
Public District KG-5
0.2 mi
•1175 E 11th St
6
Roosevelt Elementary School
Public District KG-5
0.4 mi
•1574 Linden Ave
4
John G. Whittier Elementary School
Public District KG-5
0.5 mi
•1761 Walnut Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,926. The majority of Long Beach, CA residents have income less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
69%
<35k
31%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
27%
Single, with Kids
14%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
12%
12-17 yrs old
30%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1403 Lemon Ave
The listing price of 1403 Lemon Ave property is $1,480,000.
The property 1403 Lemon Ave is a house located in Long Beach, California, 90813.
Active Listing: 1403 Lemon Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1403 Lemon Ave are: Lincoln Elementary School (GreatSchools Rating 6/10), Roosevelt Elementary School (GreatSchools Rating 6/10), John G. Whittier Elementary School (GreatSchools Rating 4/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Washington Middle School (GreatSchools Rating 3/10), Clear Passage Educational Center (GreatSchools Rating 1/10), Polytechnic High School (GreatSchools Rating 6/10), Intellectual Virtues Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $4,339 (source: MLS/based on county public records data).
The last sale was on May 22, 2001 for $181,500 (source: MLS/tax record).
The property at 1403 Lemon Ave has 0 bathroom.
The year of construction for 1403 Lemon Ave is 1924.
This home is located at 1403 Lemon Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 11, 2025 and is currently priced at $1,480,000.
Long Beach, CA housing market in May 2025 saw over 67 listings sold above listed price, more than 34 sold at listed price and over 61 sold below. In May 2025 in Long Beach, CA there were 2.4% more homes for sale than in April. The median list price of listings available in May 2025 was $830,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.