245 E Artesia, Long Beach, CA 90805
Local realty services provided by:ERA Excel Realty
245 E Artesia,Long Beach, CA 90805
$1,695,000
- - Beds
- - Baths
- 6,437 sq. ft.
- Multi-family
- Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26138649
Source:CRMLS
Price summary
- Price:$1,695,000
- Price per sq. ft.:$263.32
About this home
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 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....
Contact an agent
Home facts
- Year built:1968
- Subdivision & Development:North Long Beach (NLB)
- Listing ID #:PW26138649
- Added:45 day(s) ago
- Updated:August 16, 2026 at 01:37 PM
Rooms and interior
- Kitchen Description:Washer
- Living area:6,437 sq. ft.
Structure and exterior
- Year built:1968
- Building area:6,437 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,695,000
- Price per sq. ft.:$263.32
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:7
- Garage:Yes
- Garage spaces:7
New listings near 245 E Artesia
- New
$694,000Active2 beds 2 baths1,420 sq. ft.300 E 4th Street #422, Long Beach, CA 90802
MLS# RS26179260Listed by: THE REAL ESTATE SOLUTION - New
$699,900Active3 beds 2 baths1,166 sq. ft.40 W Scott, Long Beach, CA 90805
MLS# PW26179007Listed by: CIRCLE REAL ESTATE - New
$1,155,000Active4 beds 2 baths1,612 sq. ft.2420 Maine, Long Beach, CA 90806
MLS# PW26179130Listed by: DUCK GROUP REAL ESTATE - New
$509,000Active2 beds 2 baths1,134 sq. ft.1110 Ohio Avenue #22, Long Beach, CA 90804
MLS# PW26175567Listed by: HOLLY KOVICH AND ASSOCIATES - Open Sun, 1 to 4pmNew
$1,249,000Active3 beds 2 baths1,290 sq. ft.3337 Iroquois, Long Beach, CA 90808
MLS# OC26178439Listed by: COMPASS - New
$1,050,000Active-- beds -- baths3,268 sq. ft.341 Bonito Avenue, Long Beach, CA 90802
MLS# PW26154926Listed by: KELLER WILLIAMS PACIFIC ESTATE - Coming Soon
$1,075,000Coming Soon3 beds 2 baths6012 E Conant, Long Beach, CA 90808
MLS# PW26177588Listed by: REMAX PROFESSIONALS - New
$599,900Active2 beds 2 baths1,028 sq. ft.436 N Bellflower Boulevard #201, Long Beach, CA 90814
MLS# PW26178841Listed by: CIRCLE REAL ESTATE - New
$785,000Active2 beds 1 baths1,246 sq. ft.153 Cedar Turn, Long Beach, CA 90805
MLS# IV26175850Listed by: DAVID ROSENTHAL, BROKER - Open Sun, 11am to 2pmNew
$699,999Active2 beds 1 baths700 sq. ft.5910 Walnut Ave, Long Beach, CA 90805
MLS# SB26178664Listed by: EXP REALTY OF CALIFORNIA INC