Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
$6,450,000
Est. payment /mo
17,741 SqFt
New
1518 E Artesia Long Beach, CA 90805
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 17,741 sqft
Price per Sqft $363
MLS Listing ID CRPW25247306
HOA Y/N No
Year Built 1955
Lot Size 3,814 Sqft
Property Sub-Type Other
Source Datashare California Regional
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 units-a 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 acco
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplace No
Laundry Other
Exterior
View None
Building
Lot Description Corner Lot
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