5623 Lemon Avenue

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5623 Lemon Avenue

Long Beach, CA 90805
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 5623 Lemon Avenue
  • Residential income property featuring two distinct rental units
  • Positioned within the established urban market of Long Beach
  • Well suited for investors or owner-occupant residential strategies
  • Provides access to key Southern California regional transportation networks

What's Special

Investors seeking to expand their residential holdings will find this two-unit apartment building at 5623 Lemon Avenue a practical addition to a Long Beach portfolio. Situated in the 90805 zip code, the property serves as a stable entry point for those looking to manage a small-scale multifamily asset in a densely populated Southern California coastal market. The city maintains a diverse economic base supported by its proximity to international trade infrastructure and a consistent demand for rental housing across the metro area. This multifamily asset functions well as an owner-occupant scenario or as a streamlined addition to an existing rental income stream. Given the configuration of the site, tenants benefit from convenient access to regional transit corridors and the employment hubs of Long Beach. Buyers focusing on long-term capital preservation in a growing urban environment should consider the potential stability offered by this asset type in such a historically resilient submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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