North Long Beach (7) Homes with Mixed Use Subtype

North Long Beach (7) Homes with Mixed Use Subtype

Welcome to North Long Beach, a vibrant and diverse neighborhood nestled in the heart of Long Beach, California. Known for its rich cultural tapestry and community spirit, this area offers a unique blend of residential comfort and commercial opportunity, making it an ideal place for both homeowners and entrepreneurs.

North Long Beach boasts an array of homes with a mixed-use subtype, a feature that is increasingly sought after in today’s dynamic real estate market. These properties not only provide cozy living spaces but also the potential for businesses right at your doorstep. Imagine waking up in your charming home and stepping into your own café or boutique, all within the same building. This unique setup fosters a lively community atmosphere, encouraging local commerce and creating a sense of belonging among residents.

The neighborhood is well-connected, with convenient access to major highways and public transit, making it easy to explore the greater Los Angeles area. North Long Beach is also home to several parks, schools, and community centers, ensuring that families have ample recreational and educational opportunities.

In addition to its practical advantages, North Long Beach is rich in history and culture. From local art galleries to community events, there’s always something happening in this lively neighborhood. Whether you’re looking to invest in a mixed-use property or simply want to find a place to call home, North Long Beach offers the perfect blend of urban convenience and suburban charm. Come and discover the endless possibilities waiting for you in this thriving community!

Newest North Long Beach (7) Homes with Mixed Use Subtype

$1,695,000
PW26138649 MLS Active Status
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.

245 E Artesia, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.