1518 E Artesia, Long Beach, CA 90805

Long Beach
Local realty services provided by:ERA Excel Realty
1518 E Artesia,Long Beach, CA 90805
$5,850,000
  • - Beds
  • - Baths
  • 17,741 sq. ft.
  • Multi-family
  • Active
Listed by: w. kurt wood
Office: belmont brokerage & mgmt. inc.562-437-3581
MLS#:PW25247306
Source:CRMLS

Price summary

  • Price:$5,850,000
  • Price per sq. ft.:$329.74

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 units—a 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...

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Home facts

  • Year built:1955
  • Listing ID #:PW25247306
  • Added:189 day(s) ago
  • Updated:April 23, 2026 at 01:18 PM

Rooms and interior

  • Living area:17,741 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1955
  • Building area:17,741 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Contemporary
  • Construction Materials:Stucco
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,850,000
  • Price per sq. ft.:$329.74

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:22
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:13
Based on information from California Regional Multiple Listing Service, Inc. as of May 6, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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