REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,450,000
Est. payment /mo
Active
1518 E Artesia Long Beach, CA 90805
3 Beds
3,814 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW25247306
Bedrooms 3
Lot Size 3,814 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
30-Unit Apartment Community | Prime North Long Beach Location Investment Overview: This is a rare opportunity to acquire a 30-unit multifamily property strategically located in the vibrant and improving North Long Beach rental market. The property consists entirely of one-bedroom, one-bath unitsa unit mix that remains among the most consistently in-demand and easy to lease in the area. With high tenant retention and historically low vacancy, this asset provides a stable income stream and strong long-term appreciation potential. Property Highlights: 30 One-Bedroom / One-Bath Units Highly sought-after floorplans offering functional layouts and reliable tenant demand. Ample Parking & Additional Income Thirteen (13) garages and nine (9) off-street parking spaces generate supplemental revenue and tenant convenience. On-Site Laundry Facilities Well-maintained common laundry areas add another source of ancillary income. Separately Metered Utilities Each unit is individually metered for gas and electricity, reducing ownership expenses and simplifying management. Excellent Access Centrally located with easy access to major freeways, employment centers, schools, and retail corridors. ADU Development Potential: Preliminary assessments indicate that the property may accommodate an additional 5 to 6 Accessory Dwelling Units (ADUs)subject to verification by a qualified general contractor and city approval. At an estimated market rent of $1,820 per month per ADU, this expansion could add approximately $109,200 in annual income and potentially increase the propertys value by over $1,0
Location
State CA
County Los Angeles
Zoning Assessor
Direction Walnut Ave. and Artesia Blvd. (Actual Address: 1518-1540 E. Artesia Blvd, Long Beach)
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7114010051
Acceptable Financing Cash
Listing Terms Cash
Listed by W. Kurt Wood Belmont Brokerage & Mgmt. INC.
GET MORE INFORMATION
QUICK SEARCH