North Long Beach (7) Homes with Mixed Use Subtype

North Long Beach (7) Homes with Mixed Use Subtype

**Discover North Long Beach: A Hidden Gem in California**

Nestled in the vibrant city of Long Beach, North Long Beach is a captivating neighborhood that beautifully blends urban energy with suburban charm. This diverse region is characterized by its rich cultural tapestry, friendly community, and an array of amenities that cater to both residents and visitors alike. With its close proximity to downtown Long Beach and the stunning California coastline, North Long Beach offers the perfect balance of city living and coastal relaxation.

One of the standout features of North Long Beach is its unique housing options, particularly homes with a mixed-use subtype. These properties provide an exceptional opportunity for those looking to invest in a home that also serves as a place of business. Imagine living above your own café, boutique, or studio, allowing for a seamless work-life balance. This innovative approach to real estate not only enhances the sense of community but also fosters local entrepreneurship and creativity.

The neighborhood is also home to several parks, schools, and shopping centers, making it an ideal place for families and professionals alike. With easy access to major highways and public transportation, commuting to nearby areas is a breeze. Moreover, the vibrant local art scene and community events ensure that there’s always something exciting happening in North Long Beach.

Whether you’re drawn to the unique mixed-use homes or the welcoming community atmosphere, North Long Beach is a place where you can truly thrive. Discover your dream home in this dynamic neighborhood and experience the best of Southern California living!

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.