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 community nestled in the heart of Long Beach, California. Known for its rich cultural diversity and strong sense of community, North Long Beach offers an inviting atmosphere that appeals to families, young professionals, and retirees alike. With its proximity to downtown Long Beach, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, all while maintaining a quieter, suburban feel.

One of the standout features of North Long Beach is its unique housing market, particularly the availability of homes with a mixed-use subtype. These properties blend residential living with commercial space, offering a perfect solution for entrepreneurs and creatives looking to establish their businesses right at home. Imagine waking up in your cozy, stylish abode and simply walking downstairs to your own café, boutique, or studio space. This innovative approach to living not only maximizes convenience but also fosters a sense of community as neighbors engage with local businesses.

In addition to its mixed-use homes, North Long Beach boasts beautiful parks, excellent schools, and a variety of recreational activities. The region is also well-connected with public transportation options, making it easy to explore the greater Los Angeles area. Whether you're looking to invest in a property or find your forever home, North Long Beach's charming neighborhoods and mixed-use opportunities create a dynamic environment that truly embodies the best of California living. Come discover the potential that awaits you in this thriving 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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