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 neighborhood nestled in the heart of Long Beach, California. This dynamic region is a perfect blend of suburban charm and urban convenience, offering residents a unique lifestyle that caters to both relaxation and excitement. With its close proximity to downtown Long Beach, North Long Beach provides easy access to a plethora of dining, shopping, and entertainment options, all while retaining a cozy, community-oriented feel.

One of the standout features of North Long Beach is its diverse real estate landscape, particularly the availability of homes with a mixed-use subtype. These properties are ideal for those looking to balance residential living with entrepreneurial opportunities. Imagine walking out your front door and stepping into your own café, boutique, or office space! This innovative approach to living allows homeowners to cultivate a work-life balance that is both fulfilling and convenient.

The homes in North Long Beach are characterized by their unique architectural styles and spacious layouts, making them perfect for families, professionals, and anyone in between. With tree-lined streets, parks, and community centers, this neighborhood fosters a strong sense of belonging and camaraderie among residents.

Whether you’re seeking a lively atmosphere with access to local businesses or a tranquil retreat just minutes from the hustle and bustle of city life, North Long Beach is a hidden gem waiting to be discovered. Embrace the opportunity to live, work, and thrive in this exceptional 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.