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 community nestled in the heart of Long Beach, California. Known for its rich history and strong sense of community, North Long Beach offers residents a unique blend of urban living and suburban charm. With its tree-lined streets, local parks, and a variety of amenities, this area is perfect for families, young professionals, and anyone looking to enjoy the best of Southern California living.

One of the standout features of North Long Beach is its mixed-use properties, which seamlessly blend residential and commercial spaces. These homes with a mixed-use subtype provide an exciting opportunity for homeowners and entrepreneurs alike. Imagine living just steps away from your favorite coffee shop, boutique, or restaurant! This dynamic environment fosters a sense of community and convenience, making it easy to enjoy a vibrant lifestyle without sacrificing comfort.

The homes in North Long Beach are as diverse as its residents, ranging from charming bungalows to modern townhouses. Many properties feature spacious layouts, updated amenities, and outdoor spaces perfect for entertaining or relaxing. With a strong emphasis on local businesses and community engagement, North Long Beach is a place where neighbors become friends, and every street tells a story.

Whether you're looking to invest in a mixed-use property or simply want to explore the rich tapestry of North Long Beach, you'll find that this region is brimming with potential and charm. Discover the perfect blend of residential comfort and commercial convenience in this thriving Los Angeles gem!

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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