5623 Lemon Avenue, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This versatile income-producing duplex represents a Strong Value Opportunity with a List Price of $849,999—positioned well below the $899,396 Fair Market Value by 5%. This valuation gap provides $49,397 in Instant Equity for the incoming owner. Boasting a Good Condition Rating, the property features two rare 3-bedroom units upgraded with stainless steel appliances, recessed lighting, and laminate wood-look flooring. Its turnkey status and functional layout in North Long Beach ensure high rental demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5623 Lemon Avenue Subject | $849,999* List Price | 0 | 0 | 2,054 | $438 | - |
A 309 E Louise Sold | $826,500 | 0 | 0 | 2,562 | $323 | 0.6 mi |
B 6340 Orange Avenue Sold | $835,000 | 0 | 0 | 1,920 | $435 | 0.8 mi |
C 410 E 60th St 1 Active | $919,900 List Price | 0 | 0 | 1,986 | $463 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained with several modern updates. The kitchen features stainless steel appliances, solid countertops, and updated wood cabinetry. Interior improvements include the installation of recessed lighting and a combination of tile and laminate wood-look flooring. While the structure dates back to 1936 and retains some vintage elements like wall heaters, the overall aesthetic and functional components have been updated within a timeframe that meets the 'good' criteria.
The property features two rare 3-bedroom units, providing a significant competitive advantage for maximizing rental income compared to standard smaller-unit duplexes in the area.
Described as well-maintained and move-in ready, this duplex reflects pride of ownership, allowing for immediate occupancy or tenant placement without the need for costly initial renovations.
The layout is ideal for 'house hacking' where an owner-occupant can live in one unit while the other pays the mortgage, or as a high-performing addition to a professional rental portfolio.
Originally built in 1936, the property may have aging core systems such as plumbing or electrical that could require more frequent maintenance or future modernization.
With over 2,000 sq.ft. of living space on a 4,367 sq.ft. lot, there is minimal outdoor space or yard area available for two large 3-bedroom households.
Great opportunity to own a well maintained duplex in North Long Beach featuring two spacious units, each offering 3 bedrooms and 1 bathroom. With approximately 2,054 sq.ft. of total living space on a 4,367 sq.ft. lot, both units offer functional layouts with well-sized living rooms and comfortable living areas. The property shows in good, move-in ready condition and reflects pride of ownership throughout. Ideal for both investors and owner-occupants, with the potential to live in one unit while renting the other or add to a rental portfolio. Conveniently located near shopping, dining, schools, and major transportation routes, providing easy access to surrounding areas. This is a great opportunity to own a versatile income producing property in a desirable North Long Beach location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,054 | 1,743 | 64% |
| Lot Size | 4,367 | 5,122 | 24% |
| Price | $850.0K | $845.0K | 52% |
| Price per sq ft | $414 | $516 | 28% |
| Built year | 1936 | 1948 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 210 | 4% |
Apr 15, 2026
$849,999
Initial Listing
Dec 2, 2008
$410,000
Public Record
Jan 4, 2008
$389,900
Public Record
Sep 1, 2006
$590,000
Public Record
Jul 2, 2001
$210,000
Public Record