1518 E Artesia, Long Beach, CA 90805
Local realty services provided by:CENTURY 21 Affiliated
1518 E Artesia,Long Beach, CA 90805
$5,900,000
- 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:$5,900,000
About this home
30-Unit Apartment Community | Prime North Long Beach Location ***Price reduced from $6,450,000 to $5,900,000*** New GRM = 9.5*** 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 annu...
Contact an agent
Home facts
- Listing ID #:PW25247306
- Added:137 day(s) ago
- Updated:March 15, 2026 at 02:01 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Structure and exterior
- Roof:Composition
- Construction Materials:Stucco
- Levels:2 Story
Finances and disclosures
- Price:$5,900,000
New listings near 1518 E Artesia
- New
$950,000Active1 beds 1 baths841 sq. ft.377 Ximeno, Long Beach, CA 90814
MLS# PW25266247Listed by: COLDWELL BANKER REALTY - New
$860,000Active3 beds 1 baths1,156 sq. ft.4316 Falcon, Long Beach, CA 90807
MLS# RS26052481Listed by: C-21 ASTRO - New
$579,900Active2 beds 3 baths1,230 sq. ft.1598 Long Beach #214, Long Beach, CA 90813
MLS# OC26056222Listed by: PPF REALTY - New
$529,900Active1 beds 2 baths888 sq. ft.2470 Webster, Long Beach, CA 90810
MLS# SB26056389Listed by: CAMINO REALTY - New
$899,000Active3 beds 2 baths1,319 sq. ft.1500 E Ocean Boulevard #416, Long Beach, CA 90802
MLS# CRDW26056031Listed by: KELLER WILLIAMS SELA - New
$399,999Active2 beds 2 baths913 sq. ft.401 W 5th #3C, Long Beach, CA 90802
MLS# CRIG26055882Listed by: KASI HOMES - New
$575,000Active1 beds 1 baths1,140 sq. ft.433 Pine Avenue #102, Long Beach, CA 90802
MLS# PW26056359Listed by: REALTY SOURCE INC. - New
$939,000Active3 beds 4 baths1,706 sq. ft.1148 Locust Avenue, Long Beach, CA 90813
MLS# DW26055864Listed by: CENTURY 21 ALLSTARS - New
$579,900Active2 beds 3 baths1,230 sq. ft.1598 Long Beach #214, Long Beach, CA 90813
MLS# OC26056222Listed by: PPF REALTY - New
$450,000Active2 beds 2 baths1,016 sq. ft.21 Alamitos #1, Long Beach, CA 90802
MLS# RS26055817Listed by: THE LIVINGSTON GROUP INC