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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.
Property Type(s):
Residential Income
| Last Updated | 7/22/2025 | Tract | North Long Beach (NLB) |
|---|---|---|---|
| Year Built | 1952 | Community | 7 - North Long Beach |
| County | Los Angeles |
Additional Details
| AREA | 7 - North Long Beach |
|---|---|
| LOT | 0.3534 acre(s) |
| LOT DIMENSIONS | 15395 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | North Long Beach (NLB) |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Est
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