
1403 Lemon Ave
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1403 Lemon Ave
5 Unit Apartment Building $2,455,372 CAD ($491,074 CAD/Unit) 5.19% Cap Rate 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 | $2,455,372 CAD | Apartment Style | Low-Rise |
Price Per Unit | $491,074 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.15 AC |
Cap Rate | 5.19% | Building Size | 2,700 SF |
No. Units | 5 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1924 |
Price | $2,455,372 CAD |
Price Per Unit | $491,074 CAD |
Sale Type | Investment |
Cap Rate | 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% |
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)
PROPERTY TAXES
Parcel Number | 7268-015-033 | Improvements Assessment | $170,747 CAD |
Land Assessment | $209,508 CAD | Total Assessment | $380,255 CAD |
PROPERTY TAXES
Parcel Number
7268-015-033
Land Assessment
$209,508 CAD
Improvements Assessment
$170,747 CAD
Total Assessment
$380,255 CAD
ZONING
Zoning Code | LBR1N |
LBR1N |
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1403 Lemon Ave
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