NOT LISTED FOR SALE
16 Beds
10 Baths
7,034 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: April 29, 2026

Last sale price $2,250,000 $320 Per Sq Ft

17 Days on Market

Highlights

  • 0.35 Acre Lot
  • Bike Trail
  • 3-minute walk to Ramona Park

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Email: broker@lyonstahl.com License #01399621 Listed on: 02/02/2026

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: broker@lyonstahl.com License #01717818

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Email: broker@lyonstahl.com License #01399621 Listed on: 02/02/2026

Lyon Stahl Investment Real Est
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 15,395 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 7,034 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 26524
  • Assessor Parcel Number 7120017037
  • $2,085 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 9 Units
  • North Long Beach Subdivision

Recreation

  • Bike Trail

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,255
  • Insurance Expense $10,675
  • Maintenance Expense $4,898
  • Other Expense $4,905
  • Professional Management Expense $10,993
  • New Taxes Expense $29,845
  • Operating Expense $63,111
  • Gross Income $219,851
  • Net Operating Income $145,985

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0.35 Acres

Listing Details

  • CapRate: 6.48
  • Professional Management Expense: 10993.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1255.00
  • Parcel Number: 7120017037
  • Year Built: 1952
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 319.87

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 15395.00
  • Lot Size Acres: 0.3534

Multi Family

  • Gross Income: 219851.00
  • Gross Multiplier: 10.23
  • Gross Operating Income: 208858.00
  • Gross Scheduled Income: 219851.00
  • Insurance Expense: 10675.00
  • Lot Size Area: 15395.0000 Square Feet
  • Maintenance Expense: 4898.00
  • Net Operating Income: 145985.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 63111.00
  • Other Expense: 4905.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 63111.00

Tax Info

  • New Taxes Expense: 29845.00
  • Tax Lot: 1
  • Tax Tract Number: 26524
  • TaxOtherAnnualAssessmentAmount: 2085.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2026 04/29/26 Sold $2,250,000 0.0% $320 / Sq Ft
02/19/2026 02/19/26 Pending -- -- --
02/02/2026 02/02/26 For Sale $2,250,000 -- $320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26024176

California Regional Multiple Listing Service (CRMLS)
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