# 245 E Artesia, Long Beach, CA 90805 > **TL;DR:** 5bd/4ba commercial, $1,695,000, built 1968. > 7-car garage. Est. $9,065/mo. Listed 120 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,695,000 | | Bedrooms | 5 | | Bathrooms | 4 full | | Year Built | 1968 | | Lot Size | 7,388 sqft (0.17 acres) | | Stories | 2 | | Garage | 7-car | | Property Type | Commercial (Other) | | Status | Active Under Contract | | Days on Market | 120 | ## Why This Home Stands Out - **Large Garage** - 7-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,571 | | Estimated Insurance | $494 | | **Total** | **$9,065** | ## Key Amenities - 7-car garage ## Property Highlights - Built in 1968 - 0.17 acre lot - 2 stories - 7 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 245 E Artesia, Long Beach, CA 90805 - **County:** Los Angeles - **Neighborhood:** North Long Beach (NLB) ## Listing Agent - **Name:** Robert Stepp · **License:** 01456379 - **Brokerage:** Keller Williams Realty SELA - **Broker Phone:** (562) 334-1511 ## Photos ![245 E Artesia - Photo 1](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f2543476511r.jpg) ![245 E Artesia - Photo 2](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f2027390680r.jpg) ![245 E Artesia - Photo 3](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f3895298871r.jpg) ![245 E Artesia - Photo 4](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f3859414244r.jpg) ![245 E Artesia - Photo 5](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f279770793r.jpg) ![245 E Artesia - Photo 6](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f465717527r.jpg) ![245 E Artesia - Photo 7](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f699272254r.jpg) ![245 E Artesia - Photo 8](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f1730158288r.jpg) ![245 E Artesia - Photo 9](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f736471394r.jpg) ![245 E Artesia - Photo 10](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f2569472520r.jpg) ![245 E Artesia - Photo 11](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f3782919514r.jpg) ![245 E Artesia - Photo 12](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f2364325859r.jpg) ![245 E Artesia - Photo 13](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f1120600934r.jpg) ![245 E Artesia - Photo 14](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f4216110521r.jpg) ![245 E Artesia - Photo 15](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f1462217387r.jpg) ![245 E Artesia - Photo 16](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f1358713442r.jpg) ![245 E Artesia - Photo 17](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f1398466173r.jpg) ![245 E Artesia - Photo 18](http://lh.rdcpix.com/b0fbdfabae702e7a50fd1d582a552c05l-f711548519r.jpg) --- **MLS#:** PW26138649 | **Updated:** 2026-10-26 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/245-e-artesia-long-beach-ca-90805-efdcbe632639478baff4747682f3b510) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/245-e-artesia-long-beach-ca-90805-efdcbe632639478baff4747682f3b510#listing", "url": "https://www.propertysimple.ai/listing/245-e-artesia-long-beach-ca-90805-efdcbe632639478baff4747682f3b510", "name": "245 E Artesia, Long Beach, CA 90805", "description": "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. 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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. 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