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2030 Lemon Ave, Long Beach, CA 90806
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2030 Lemon Ave Long Beach, CA 90806

$1,100,000 Sold Price as of 03/23/2023
  • 7 Beds
  • 5 Baths
  • 3,458 Sq.Ft.
Sold
$1,100,000 Sold Price as of 03/23/2023 Refinance Your Mortgage
Map preview of 2030 Lemon Ave, Long Beach, CA 90806

Property Overview: 2030 Lemon Ave Long Beach, CA has 7 bedrooms, 5 bathrooms, 3,458 living square feet and 6,513 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fully leased 4 unit multi-family property located in a residential neighborhood in Long Beach. Easy access to major streets and Freeway, conveniently located for employment center, shopping centers, restaurants, schools, college and most amenities. The property consists of 2 buildings. 1 building for 3-bedroom 2 bathroom unit has been newly remodeled with laminate wood floors. Another building for 3 units for 2 bedroom 1 bathroom unit, 1 bedroom 1 bath units x 2. Perfect unit mix for all types of tenants. 4 car parking spaces between the 2 buildings. 1 parking space for each unit. Lots of room to increase the rents for potential cashflow growth. Close to LB city college and CSLBU. Subject to cancellation of current escrow.

Listed by Mariko Meek | BRE #01778756 | Vista Pacific Realty
Last checked: 9 minutes ago | Last updated: March 25th, 2023 | Source CRMLS | DOM: 154

Home details

Lot Sq. Ft
6,513
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC22170923
City
Long Beach
County
Los Angeles
Time on Site
748 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,145
  • Total Rent: $2,145
  • Pro Forma/Market Rent: $2,145
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,125
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,015
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,420
  • Net Operating Income: $58,896
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,524
  • Electric: $0
  • Gas/Fuel: $1,000
  • Trash: $1,000
  • Insurance: $1,500
  • Water/Sewer: $3,720

Property Details for 2030 Lemon Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Paved, On Site, Private
Lot Information
  • Lot Features: Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7210027009
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: no
  • Directions: 405 Freeway Exit at 29C, head right on the ramp toward LB City College, Turn right onto Orange, Turn right onto E 20th St, Ave, Turn right onto Lemon Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 2030 Lemon Ave

Last sold for $1,100,000 on March 23rd, 2023

  • March, 2023

  • Mar 23, 2023

    Date

    Sold

    CRMLS: OC22170923

    $1,100,000

    Price

  • Aug 19, 2022

    Date

    Active

    CRMLS: OC22170923

    $1,285,000

    Price

  • January, 2017

  • Jan 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $830,000

    Price

  • October, 2016

  • Oct 13, 2016

    Date

    Canceled

    CRMLS: RS16193710

    $849,900

    Price

  • Sep 2, 2016

    Date

    Price Change

    CRMLS: RS16193710

    $849,900

    Price

  • Listing provided courtesy of CRMLS

    Solid Cash Flow 4-Plex located in a solid rental property location. Front Building is a 3-unit and rear house is a detached 4-bedroom home. Great bread and butter for an investor or Owner occupant can live in the rear and practically live payment free! Professionally managed and very clean building. Two units are 4 bedrooms, 2 bathrooms, 1 unit is 2 bedroom 1 bathroom and the last unit is a 1 bedroom 1 bathroom. This four unit building has been recently upgraded/remodeled with new flooring, paint, upgraded electrical and plumbing, refurbished baths and kitchens (not all units). The property is located on a spacious lot providing off street parking. Located close to Long Beach City College Pacific Coast campus and Long Beach Poly. There is no competition with campus housing. The student count is approx. 31,000. The property features on-site laundry and a spacious common area. There is ample street parking nearby, and all units are separately metered for gas and electricity to keep expenses at a minimum. Great unit mix and is in a highly sought-after rental submarket for any investor

  • August, 2005

  • Aug 19, 2005

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

Show More

Tax History for 2030 Lemon Ave

Assessed Value (2020): $880,802
Year Land Value Improved Value Assessed Value
2020 $318,362 $562,440 $880,802

Home Value Compared to the Market

This property vs the competition

2030 Lemon Ave sold on March 23, 2023 for 45.91% 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 $345.58 per/sqft which puts the price per square foot 44.97% lower than the current median sale per square foot for the city of Long Beach.

About 2030 Lemon Ave

Detailed summary of property

2030 Lemon Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 3,458 living square feet, and sits on an approximately 6,513 square foot lot. 2030 Lemon Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $1,100,000. 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 45.91% higher than the current median priced home. Local homes that are currently for sale include 1122 Cherry Ave, 1930 Magnolia Ave and 528 Cherry Ave. While the average home in Long Beach, CA is selling in 62 days, 2030 Lemon Ave has a days on market of 154 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 2030 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 2030 Lemon Ave

Public county record property details
Beds
7
Baths
5
Year built
1959
Sq. Ft.
3,458
Lot Size
6,513
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7210-027-009

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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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 2030 Lemon Ave

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2029 Lemon Ave, Long Beach, CA 90806
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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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