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JLee Broker

[email protected] +1(650) 857-1000

Listed by Robert Stepp, DRE #01456379 • Keller Williams Realty Downey

$1,695,000

Est. payment - /mo

7,388 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26138649

Year Built 1968

Lot Size 7,388 Sqft

Source California Regional MLS

Property Description

245 E. Artesia Boulevard presents the opportunity to acquire a well- maintained 5-unit multifamily asset with significant upside through future ADU development in a centrally located Long Beach neighborhood with convenient regional access. The property combines spacious floorplans, strong existing cash flow, and clear value-add potential, creating a compelling opportunity for both investors and potential owner/users. The property offers an attractive unit mix including (1) 3BD/2BA unit and (4) 2BD/2BA units, appealing to a broad tenant base seeking larger residential floorplans rarely found in today's multifamily inventory. Units are bright and spacious, averaging approximately 1,287 square feet, providing a more residential living experience compared to typical apartment product in the area. The 3BD/2BA unit features dramatic high beam ceilings and an in-unit washer and dryer, further enhancing rental appeal and potential owner/user functionality. The property has undergone extensive interior improvements, including updated flooring and paint throughout all units. Additional capital improvements include a newer roof approximately three years old and partially updated electrical systems, helping reduce near-term capital expenditure requirements and supporting operational stabilit

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Laundry Washer, Dryer

Exterior

Garage Spaces 7.0

Pool None

Building

Water District - Public

Others

Tax ID 7303013039

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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245 E Artesia Long Beach, CA 90805

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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