Long Beach - Beach Property For Sale #6287119

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:
o One detached 4-bedroom, 2-bath front house, offering the feel and privacy of a single-family residence.
o One 4-bedroom, 1-bath unit, perfect for larger households or shared living scenarios.
o 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