Listed by Milla Pariser, Beverly and Company, (818) 271-1233
$1,198,000
Original price: $1,250,000
14 Beds
6 Baths
2,700 sqft
1403 Lemon Ave, Long Beach, CA 90813
Est. Mortgage $7,412/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1924
$444/sqft
Garage
Local Information
- Map ViewExplore the area around 1403 Lemon Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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
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
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: 435Days 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: $1,198,000Price Per Sqft: $444 |
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 |
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 |
Around this home
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.
Market trends in Long Beach
Last updated July 2026
Avg. sale price
$818K
$12.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$646
$17MoM
Available listings
797
3MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.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 | |
0.20 | Multi-Family Home | $880,000 | 08/20/26 | 5 | 5 | 2,775 | |
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 home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $1,034,100 | 9 | 7 | 2,886 | Off Market | |
0.06 | $630,000 | 2 | 1 | 968 | Recently Sold | |
0.05 | $841,000 | 7 | 4 | 2,004 | Off Market | |
0.09 | $1,000,000 | 4 | 4 | 2,368 | For Sale | |
0.07 | $550,000 | 1 | 1 | 649 | For Sale | |
0.08 | $725,000 | 4 | 3 | 1,162 | For Sale | |
0.10 | $2,354,800 | 20 | 11 | 7,282 | Off Market | |
0.13 | $570,000 | 3 | 2 | 1,800 | Recently Sold | |
0.12 | $760,000 | 3 | 2 | 1,100 | Recently Sold | |
0.12 | $781,800 | 3 | 3 | 1,570 | Off Market | |
0.15 | $771,900 | 3 | 2 | 1,256 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 27, 2026 Source: CRMLS #SR26107777 | PendingToActive | $1,198,000 |
Aug 21, 2026 Source: CRMLS #SR26107777 | Contingent | $1,250,000 |
Jul 21, 2026 Source: CRMLS #SR26107777 | PriceChange | $1,250,000 Price decreased by 10% |
May 20, 2026 Source: CRMLS #SR26107777 | Listed For Sale | $1,395,000 |
May 12, 2026 Source: SDMLS #SR25121571 | ListingRemoved | $1,300,000 |
Jun 23, 2025 Source: SDMLS #SR25121571 | Listed For Sale | $1,480,000 |
May 22, 2001 Source: N/A | Sold | $181,500 |
Dec 1, 2000 Source: N/A | Sold | $139,000 |
Nov 15, 1999 Source: N/A | Sold | $240,998 |
Feb 28, 1997 Source: N/A | Sold | $212,000 |
Nov 25, 1996 Source: N/A | Sold | $105,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $278,937 |
Home facts updated by county records
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 2026-09-09 00:55:32 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 2026-09-09 00:55:32 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
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Frequently asked questions about 1403 Lemon Ave
- What is the estimated monthly payment for 1403 Lemon Ave?Based on a $1,198,000 list price with 20% down at today's rates, the estimated monthly payment for 1403 Lemon Ave in Long Beach, CA is approximately $7,581 (about $6,328 principal & interest, $1,178 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1403 Lemon Ave compare to homes in Long Beach?1403 Lemon Ave in Long Beach, CA is listed at $1,198,000, about 47% above the $818K median sale price in Long Beach.
- What do residents say about the Poly High District neighborhood?Residents describe the Poly High District neighborhood in Long Beach, CA as pedestrian-friendly, dog-friendly, and walkable to grocery stores. See homes for sale in Poly High District, Long Beach.
- What are the closest schools to 1403 Lemon Ave?The closest schools to 1403 Lemon Ave in Long Beach, CA are Franklin Classical Middle School (rated 4/10), Polytechnic High School (rated 7/10), Whittier Elementary School (rated 5/10).
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.