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3301 E Artesia Blvd 9 Unit Apartment Building $2,250,000 ($250,000/Unit) 6.48% Cap Rate Long Beach, CA 90805
Investment Highlights
- 9 Units in North Long Beach
- Unit Mix: (1) Front 3-Bed/2-Bath House, (5) 2-Bed/1-Bath, (3) 1-Bed/1-Bath
- Great Potential for Upside – 8.04% Market CAP | 8.76 Market GRM
- (2) Buildings: (1) Front House & (1) 8-Unit | Approx. (20) Total Parking Spaces
- Strong In-Place Income – 6.48% CAP | 10.23 GRM
- Low Cost Per Unit: $250k/Unit
Executive Summary
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 6.48% CAP and 10.23 GRM. Market projections indicate further upside, with a 8.04% market CAP and 8.76 GRM achievable through modest rent increases. Priced at just $250K, 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.
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 6.48% CAP and 10.23 GRM. Market projections indicate further upside, with a 8.04% market CAP and 8.76 GRM achievable through modest rent increases. Priced at just $250K, 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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.48% | Building Size | 10,882 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | ||
| Zoning | LBR4N - restricted Density Multiple Dwelling | ||
| Price | $2,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 10,882 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Zoning | LBR4N - restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $3,464 | - |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 7120-017-037 | Improvements Assessment | $142,173 |
| Land Assessment | $47,284 | Total Assessment | $189,457 |
Property Taxes
Parcel Number
7120-017-037
Land Assessment
$47,284
Improvements Assessment
$142,173
Total Assessment
$189,457
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3301 E Artesia Blvd
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