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2024 Lemon Ave, Long Beach, CA 90806
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2024 Lemon Ave Long Beach, CA 90806

$1,275,000 Sold Price as of 09/21/2022
  • 6 Beds
  • 6 Baths
  • 2,016 Sq.Ft.
Sold
$1,275,000 Sold Price as of 09/21/2022 Refinance Your Mortgage
Map preview of 2024 Lemon Ave, Long Beach, CA 90806

Property Overview: 2024 Lemon Ave Long Beach, CA has 6 bedrooms, 6 bathrooms, 2,016 living square feet and 6,514 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2024 Lemon Avenue presents an opportunity for a purchaser to follow the lead of the long-term ownership in a value-add apartment complex located in the "Poly High" neighborhood of Long Beach. As consistent management, renovations, and turnover has provided a steady increase in income - and the property currently features a rent-ready vacancy - a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency.|6 Units Across 2 Structures - Built In 1922 - All 1 Bedroom + 1 Bathroom Units - 2,016 Gross Square Feet - Individually Metered for Electricity & Gas - Parking Lot In Rear - 5 Parking Spaces - Gated Access To Property - Corner Units (A, C, D, F) Remodeled in 2018-19 - 6,514 Square Foot Lot - LBR1N Zoning - One Vacancy As of 8/1/22.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investment Services
Last checked: 10 minutes ago | Last updated: September 21st, 2022 | Source CRMLS | DOM: 86

Home details

Lot Sq. Ft
6,514
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22164893
City
Long Beach
County
Los Angeles
Time on Site
836 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,425
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.88
  • Gross Scheduled Income: --
  • Net Operating Income: $58,046
  • Gross Operating Income: $89,104
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2024 Lemon Ave

Interior Features
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Bath, Dining Room, Gas Starter, Gas, Living Room
Room Information
  • Walk-In Closet
Kitchen Information
  • Has Appliances
  • Refrigerator, Range, Oven
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Uncovered, Side by Side, Gated
Lot Information
  • Lot Features: Front Yard, Back Yard
Property Information
  • No View
  • View: None
  • Total # of Units: 6
  • Parcel Number: 7210027011
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of PCH
View more facts & features

Local Long Beach Agent

Sale History for 2024 Lemon Ave

Last sold for $1,275,000 on September 21st, 2022

  • September, 2022

  • Sep 21, 2022

    Date

    Sold

    CRMLS: 22164893

    $1,275,000

    Price

  • Jun 6, 2022

    Date

    Active

    CRMLS: 22164893

    $1,275,000

    Price

  • October, 2013

  • Oct 31, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2012

  • Dec 11, 2012

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

Show More

Tax History for 2024 Lemon Ave

Assessed Value (2020): $448,632
Year Land Value Improved Value Assessed Value
2020 $224,176 $224,456 $448,632

Home Value Compared to the Market

This property vs the competition

2024 Lemon Ave sold on September 21, 2022 for 55.68% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $632.44 per/sqft which puts the price per square foot 0.71% higher than the current median sale per square foot for the city of Long Beach.

About 2024 Lemon Ave

Detailed summary of property

2024 Lemon Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 2,016 living square feet, and sits on an approximately 6,514 square foot lot. 2024 Lemon Ave was first listed on ArdentRealEstateGroup.com on June 6, 2022. The homeowner sold the property for $1,275,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 55.68% higher than the current median priced home. Local homes that are currently for sale include 436 Gaviota Ave, 528 Cherry Ave and 1816 Oregon Ave. While the average home in Long Beach, CA is selling in 62 days, 2024 Lemon Ave has a days on market of 86 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 2024 Lemon Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2024 Lemon Ave

Public county record property details
Beds
6
Baths
6
Year built
1922
Sq. Ft.
2,016
Lot Size
6,514
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
7210-027-011

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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