REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 2,300,000
Est. payment | /mo
0.35 Acres Lot
$ 2,300,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25163975
Year Built 1952
Lot Size 0.353 Acres
Source California Regional MLS
Property Description
3301 E Artesia Blvd offers a compelling opportunity to acquire a 9-unit multifamily asset in the heart of North Long Beach, a submarket experiencing steady tenant demand and ongoing revitalization. The property is comprised of two buildings: a standalone 3-bedroom/2-bath front house and a rear 8-unit structure with a mix of five 2-bedroom/1-bath units and three 1-bedroom/1-bath units. It includes 20 total parking spaces, a nice feature in this dense rental pocket. Built in 1952, the asset delivers immediate cash flow with a strong in-place 5.95% CAP and 10.79 GRM. Market projections indicate further upside, with a 7.75% market CAP and 8.96 GRM achievable through modest rent increases. Priced at just $255,000 per unit, the offering presents an attractive cost basis with room for growth. Centrally located with quick access to the 91 and 710 freeways, 3301 E Artesia Blvd is well-positioned to benefit from Long Beach's continued growth in population, infrastructure, and housing demand. For investors seeking day-one income with long-term upside potential, this is a valuable opportunity in a high-demand rental corridor.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Laundry Laundry Area
Exterior
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 7120017037
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
GET MORE INFORMATION
Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037