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1403 Lemon Ave

5 Unit Apartment Building $1,710,000 ($342,000/Unit) 4.88% Cap Rate Long Beach, CA 90813

Apartment Buildings California Long Beach 1403 Lemon Ave, Long Beach, CA 90813

Investment Highlights

  • 4-bedroom 2-bath house detached plus 4 units
  • Great Long Beach location
  • 4 garages + 2 parking space driveway

Executive Summary

Very nice 5 unit complex. in the heart fo downtown Long Beach. 1 4-bedroom 2-bath, detached house, 1 4-bedroom 1-bath and 3 2-bedroom 1-bath units. There are 4garages that could be rented fo added income. Great investor property. This is a very well kept property.

Property Facts

Price $1,710,000 Apartment Style Low Rise
Price Per Unit $342,000 Building Class C
Sale Type Investment Lot Size 0.15 AC
Cap Rate 4.88% Building Size 2,700 SF
No. Units 5 Average Occupancy 100%
Property Type Multifamily No. Stories 2
Property Subtype Apartment Year Built 1924
Price $1,710,000
Price Per Unit $342,000
Sale Type Investment
Cap Rate 4.88%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 2,700 SF
Average Occupancy 100%
No. Stories 2
Year Built 1924

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2 5 - 475 - 900
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Walk Score ®
Walker's Paradise (92)
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Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
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PROPERTY TAXES

Parcel Number 7268-015-033 Improvements Assessment $120,389
Land Assessment $147,719 Total Assessment $268,108

PROPERTY TAXES

Parcel Number
7268-015-033
Land Assessment
$147,719
Improvements Assessment
$120,389
Total Assessment
$268,108

zoning

Zoning Code LBR1N
LBR1N
(949) 422-6657

  • Listing ID: 25450288

  • Date on Market: 4/11/2022

  • Last Updated:

  • Address: 1403 Lemon Ave, Long Beach, CA 90813

More public record information on 1403 Lemon Ave, Long Beach, CA 90813

The Multifamily Property at 1403 Lemon Ave, Long Beach, CA 90813 is currently available For Sale. Contact Chuck Iverson DRE#01241096 for more information.

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1403 Lemon Ave
(949) 422-6657 x

1403 Lemon Ave

Chuck Iverson

(949) 422-6657

(949) 422-6657

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