Active Under Contract

245 E Artesia

Long Beach, CA 90805
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Bed 5

Bed

Bath 4

Bath

SqFt7,388

Sqft(Lot)

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 ar ea. 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 stability. Ownership also benefits from ancillary laundry income through owned on-site machines, while seven (7) garages provide additional parking income and further enhance tenant convenience and property functionality. A key component of the investment opportunity is the property’s future ADU development potential. Plans have been approved for the addition of two new 2BD/1.5BA ADU units, providing investors with a clear path to materially increase future income by approximately $60,000 annually. The ability to add density while leveraging the property’s existing infrastructure creates a rare opportunity to substantially increase long-term cash flow and overall asset value. The property benefits from exceptional regional connectivity with convenient access to the 710, 91, 105, and 405 Freeways, allowing tenants efficient commuter access throughout Los Angeles and Orange County employment centers. The location also provides convenient proximity to Long Beach Airport, major retail corridors, dining amenities, and everyday neighborhood services, supporting long-term tenant demand and occupancy stability.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,695,000

AD Id : 87408275

MLS Id : PW26138649

Beds : 5

Lot Size : 7,388 Sqft

Year Built : 1968

Garage : 7

County : Los Angeles

Subdivision: Country Club Estates

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Feature Features

  • Interior Features

    Appliances: Dryer, Washer

  • Building Information

    Year Built: 1968
    Building Area Total: 6437
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7388 Lot Size Acres: 0.1696 Lot Size Source: Assessor Lot Size Square Feet: 7,388 Lot Description: TwoToFiveUnitsAcre

    Property Information

    Subdivision: North Long Beach (NLB) Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 58

  • Listing Price Information

    Listing Price: $1695000
    Cash, CashToNewLoan, Exchange1031

  • Tax Information

    Parcel Number: 7303013039 Tax Lot: 51 Tax Block: I

  • Parking Information

    Parking Total: 7

    Garage Information

    Has Garage: Yes Garage Space: 7

  • Location Information

    Direction: Off Long Beach Blvd WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/09/2026 @ 05:09

MLS: PW26138649 LISTED BY: Robert Stepp, Keller Williams Realty Downey 562-334-1500 SOURCE: CRMLS

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