Listed by Milla Pariser, Beverly and Company, (818) 835-4414
1403 Lemon Ave
Long Beach, CA 90813
Poly High District
14 Beds
6 Baths
2,700 sqft
14 Beds
6 Baths
2,700 sqft
Home Highlights
Parking
Garage
Price/Sqft
$463
Listed
180+ days ago
Local Information
- Map ViewExplore the area around 1403 Lemon Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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
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
Home Details for 1403 Lemon Ave
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Beds & Baths Number of Bedrooms: 14Number of Bathrooms: 6 |
Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Number of Stories: 1Levels: Multi/SplitEntry Location: 1 |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageParking Spaces: 4Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 390Days on Market: 180+ |
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Year Built Year Built: 1924 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 7268015033 |
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Price List Price: $1,250,000Price Per Sqft: $463 |
Status Change & Dates Off Market Date: Tue Jul 14 2026 |
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MLS Status: Active |
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Direction & Address City: Long BeachCommunity: Poly High (Ph) |
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Listing Agent Listing ID: SR26107777 |
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Building Area Building Area: 2700 Square Feet |
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Community Features: Curbs, Storm Drain(s), Street Lights, SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 6603 sqft |
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Special Conditions: Standard |
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Contingencies: All tenants are month to monthsListing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange |
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No Rent Control |
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Mls Number: SR26107777Living Area Range Units: Square FeetAttribution Contact: 818-271-1233Back On Market Date: Mon Jul 20 2026Common Interest: NoneUniversal Property Id: US-06037-N-7268015033-R-N |
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CurbsStorm Drain(s)Street LightsSidewalksSource Internet Entire Listing Display |
Last check for updates: about 2 hours ago
Listing Provided by: Milla Pariser DRE #02006267, (818) 271-1233
Beverly and Company
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SR26107777
Also Listed on CRMLS.
Foreclosure Information
Foreclosure Information
6/1/2039 Foreclosure auction The owner of this property has been served a Notice of Default Foreclosure Auction |
6/1/2039 Home in default $2,989,944 The owner of this property has been served a Notice of Default |
5/22/2001 Previous Sale $181,500 The home last sold for $181,500 |
Legal Details
Foreclosure Type Non-Judicial |
Recorded Notice of Default on 06/01/2039 Notice of Default on 06/01/2039 |
Parcel Number 7268015033 |
Market trends in Long Beach
Last updated June 2026
Avg. sale price
$806K
$21.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$662
$8MoM
Available listings
798
50MoM
Price History for 1403 Lemon Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/21/2026 | $1,250,000 | PriceChange | CRMLS #SR26107777 |
| 05/20/2026 | $1,395,000 | Listed For Sale | CRMLS #SR26107777 |
| 05/12/2026 | $1,300,000 | ListingRemoved | SDMLS #SR25121571 |
| 06/23/2025 | $1,480,000 | Listed For Sale | SDMLS #SR25121571 |
| 05/22/2001 | $181,500 | Sold | N/A |
| 12/01/2000 | $139,000 | Sold | N/A |
| 11/15/1999 | $240,998 | Sold | N/A |
| 02/28/1997 | $212,000 | Sold | N/A |
| 11/25/1996 | $105,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $4,530 |
| Assessment | $273,469 |
Home facts updated by county records
Comparable Sales for 1403 Lemon Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Multi-Family Home | $1,000,000 | 11/24/25 | 8 | 6 | 3,498 | |
0.26 | Multi-Family Home | $1,300,000 | 12/16/25 | 9 | 6 | 3,540 | |
0.19 | Multi-Family Home | $1,150,000 | 12/26/25 | 7 | 4 | 3,076 | |
0.37 | Multi-Family Home | $945,000 | 07/10/26 | 8 | 5 | 2,292 | |
0.40 | Multi-Family Home | $985,000 | 12/31/25 | 7 | 6 | 2,315 | |
0.56 | Multi-Family Home | $1,359,000 | 04/08/26 | 12 | 6 | 4,008 | |
0.35 | Multi-Family Home | $1,072,000 | 01/20/26 | 8 | 4 | 3,200 | |
0.38 | Multi-Family Home | $1,500,000 | 06/30/26 | 6 | 5 | 2,889 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETLyon Stahl Investment Real Estate, Inc.
FOR SALEBuckingham Investments, Inc.
OFF MARKETLyon Stahl Investment Real Estate, Inc.
SOLDOCT 17, 2025Steven M. Bogoyevac, Broker
SOLDMAY 20, 2026Coldwell Banker Envision
OFF MARKETBerkshire Hathaway Homeservices California Realty
OFF MARKETBetter Homes and Gardens RE
OFF MARKETKeller Williams Coastal Prop.
Assigned Schools
These are the assigned schools for 1403 Lemon Ave.
- Franklin Classical Middle School
- 6-8
- Public
- 991 Students
4/10GreatSchools RatingParent Rating AverageThis school is wild, but at least it's true. This school is a mix of backgrounds and personalities, which is both good, okay, and bad. Yes, this school has "dangers," but if you do something before it does, it would be so much safer. I say this because most students here want to deal with their issues themselves, but it ends up being a mess. This school is good if you make an effort to report things you see that may endanger someone else. This school does NOT mess around when they hear a student is struggling with something, or has an issue with someone (family, friends, peers), the school will help you. This school makes an effort to help students be safe and happy, but they can only do that IF you make an effort to tell a staff member that something is going on. This school makes an effort to make sure it's safe, friendly, non-toxic, and so much more, but they need students' help with reporting something before the issue gets worse. OH, and this school has a great education system, but you do have to remind ur student if they're struggling to ask for help! The teachers here will help you (yes, even the strict ones!).Student Review8mo ago - Polytechnic High School
- 9-12
- Public
- 3890 Students
7/10GreatSchools RatingParent Rating AverageLong Beach Poly is the pride and joy of Long Beach. It is a school that encourages the creativity and growth of its diverse student body from many different backgrounds. All teachers in every pathway are among the best you will ever find. From supporting nearly 4,100 students, all teachers are incredibly helpful and truly want their students to grow not just academically; but provide guidance for building character. All faculty and staff are kind, warm, and truly show what being a Jackrabbit is. Right when you walk into this school, you can tell how the student body and all staff are truly proud to be at Poly and be a Jackrabbit.Student Review7mo ago - Whittier Elementary School
- K-5
- Public
- 526 Students
5/10GreatSchools RatingParent Rating AverageThe experience I have is through my child’s eyes she was going to this school from kindergarten until being transferred almost at the end of 5th grade . My child was frustrated not being heard being labeled as basically a troubled child who wasn’t smart enough . Of course those words never came out of any staffs mouths only harsh actions shown . Maybe all parties involved were frustrated but after several meetings where my child was only looked at as behavioral and nothing more I guess she exhausted everyone’s efforts at this particular school . My child got transferred to another school and is doing amazing . It’s wonderful what a fresh start, new environment can do .Other Review3y ago 
Check out schools near 1403 Lemon Ave.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Poly High District
At least 86 Trulia users voted on each feature.
92 % Say there are sidewalks
75 % Say it's dog friendly
71 % Say car is needed
65 % Say there's holiday spirit
63 % Say it's walkable to grocery stores
62 % Say yards are well-kept
58 % Say it's walkable to restaurants
52 % Say streets are well-lit
51 % Say kids play outside
51 % Say they plan to stay for at least 5 years
43 % Say neighbors are friendly
37 % Say there's wildlife
35 % Say it's quiet
31 % Say people would walk alone at night
26 % Say there are community events
22 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Milla Pariser, Beverly and Company
Agent Phone: (818) 271-1233
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-23 23:47:26 PDT 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. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-23 23:47:26 PDT 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. Properties may or may not be listed by the office/agent presenting the information
1403 Lemon Ave, Long Beach, CA 90813 is a 14 bedroom, 6 bathroom, 2,700 sqft multi-family built in 1924. 1403 Lemon Ave is located in Poly High District, Long Beach. This property is currently available for sale and was listed by CRMLS on May 20, 2026. The MLS # for this home is MLS# SR26107777.