1518 E Artesia, Long Beach, CA 90805
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1518 E Artesia,Long Beach, CA 90805
$6,450,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:w. kurt wood
Office:belmont brokerage & mgmt. inc.
MLS#:PW25247306
Source:San Diego MLS via CRMLS
Price summary
- Price:$6,450,000
About this home
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
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Home facts
- Listing ID #:PW25247306
- Added:1 day(s) ago
- Updated:October 29, 2025 at 04:33 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Structure and exterior
- Roof:Composition
Finances and disclosures
- Price:$6,450,000
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.New listings near 1518 E Artesia
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