1518 E Artesia, Long Beach, CA 90805

30-Unit Apartment Community | Prime North Long Beach Location ***Price reduced from $6,450,000 to $5,900,000*** New GRM = 9.5*** Investment Overview: This is a rare opportunity to acquire a 30-unit multifamily property strategically located in the vibrant and improving North Long Beach rental market. The property consists entirely of one-bedroom, one-bath unitsa unit mix that remains among the most consistently in-demand and easy to lease in the area. With high tenant retention and historically low vacancy, this asset provides a stable income stream and strong long-term appreciation potential. Property Highlights: 30 One-Bedroom / One-Bath Units Highly sought-after floorplans offering functional layouts and reliable tenant demand. Ample Parking & Additional Income Thirteen (13) garages and nine (9) off-street parking spaces generate supplemental revenue and tenant convenience. On-Site Laundry Facilities Well-maintained common laundry areas add another source of ancillary income. Separately Metered Utilities Each unit is individually metered for gas and electricity, reducing ownership expenses and simplifying management. Excellent Access Centrally located with easy access to major freeways, employment centers, schools, and retail corridors. ADU Development Potential: Preliminary assessments indicate that the property may accommodate an additional 5 to 6 Accessory Dwelling Units (ADUs)subject to verification by a qualified general contractor and city approval. At an estimated market rent of $1,820 per month per ADU, this expansion could add approximately $109,200 in annu