3603 Lemon Avenue
About This Property
While public records show this as a 3-bedroom, 1-bathroom home, it is currently configured as a 2-bedroom, 1.5-bathroom with the third room converted into a cozy den-perfect for a family room. 3603 Lemon Ave. maintains many of its original features-from the hardwood floors, charming built-ins, and classic finishes-offering the perfect canvas for your dream home.
Step outside and enjoy the true beauty of California Heights: a bright community centrally located just minutes from Bixby Knolls shops, local eateries, and award-winning schools.
Don't miss this rare chance to bring your vision to life in one of Long Beach's most treasured neighborhoods. With great bones, loads of potential, and undeniable charm, this is more than a home-it's your next chapter.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 6, 2025 | Listed by INTI Realty | $900,000 | |
| Listed by INTI Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017