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1518 E Artesia, Long Beach, CA 90805

Long Beach
Local realty services provided by:CENTURY 21 Affiliated
1518 E Artesia,Long Beach, CA 90805
$5,850,000
  • 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:$5,850,000

About this home

30-Unit Apartment Community | Prime North Long Beach Location ***Price reduced from $6,450,000 to $5,850,000*** New GRM = 9.4***, new CAP rate of 7.1. 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...

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Home facts

  • Listing ID #:PW25247306
  • Added:184 day(s) ago
  • Updated:May 01, 2026 at 01:55 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3

Structure and exterior

  • Roof:Composition
  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$5,850,000
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