3301 E Artesia Blvd - Apartments FOR SALE


Long Beach, CA 90805- Bixby Knolls
$2,300,000 USD
310-710-3829
3301 E Artesia Blvd, Long Beach, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/21
null | 5.95% Cap Rate

3301 E Artesia Blvd
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • 9 Units in North Long Beach
  • (2) Buildings: (1) Front House & (1) 8-Unit | Approx. (20) Total Parking Spaces
  • Unit Mix: (1) Front 3-Bed/2-Bath House, (5) 2-Bed/1-Bath, (3) 1-Bed/1-Bath
  • Strong In-Place Income – 5.95% CAP | 10.79 GRM
  • Great Potential for Upside – 7.75% Market CAP | 8.96 Market GRM
  • Low Cost Per Unit: $255K/Unit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

LBR4N

APN/PARCEL ID

7120-017-037

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.