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1403 Lemon Ave

5 Unit Block of Flats £1,359,949 (£271,990/Unit) 5.19% Net Initial Yield 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 £1,359,949 Apartment Style Low Rise
Price Per Unit £271,990 Building Class C
Sale Type Investment Lot Size 0.15 AC
Net Initial Yield 5.19% Building Size 2,700 SF
No. Units 5 Average Occupancy 100%
Property Type Multifamily Number of Floors 2
Property Subtype Apartment Year Built 1924
Price £1,359,949
Price Per Unit £271,990
Sale Type Investment
Net Initial Yield 5.19%
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%
Number of Floors 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)
What is a Walk Score®, Transit Score® & Bike Score®?
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 7268-015-033 Improvements Assessment £95,744
Land Assessment £117,480 Total Assessment £213,224

PROPERTY TAXES

Parcel Number
7268-015-033
Land Assessment
£117,480
Improvements Assessment
£95,744
Total Assessment
£213,224

ZONING

Zoning Code LBR1N
LBR1N
(949) 422-6657

CONTACT

  • Listing ID: 25450288

  • Date on Market: 11/04/2022

  • Last Updated:

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

The Downtown Long Beach Multifamily Property at 1403 Lemon Ave, Long Beach, CA 90813 is currently available. 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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