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Listed by Robert Stepp, DRE #01456379 • Keller Williams Realty Downey
$ 1,695,000
Est. payment /mo
New
245 E Artesia Long Beach, CA 90805
7,388 Sqft Lot
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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