4
See all 4 photos
$1,645,000
Est. payment /mo
4,851 Sqft Lot
Active
248 E Artesia BLD Long Beach, CA 90805
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25046471
Originating Board California Regional MLS
Year Built 1963
Lot Size 4,851 Sqft
Property Description
248 East Artesia Boulevard is a seven-unit apartment building in Long Beach, California. This offering is a great opportunity to acquire an asset with a desirable unit mix and 18 percent rental upside s at a 6.17 percent current cap rate. 248 East Artesia Boulevard is a 1963 construction two-story building with five two-bed/one-bath and two one-bed/one-bath units that are separately metered for gas and electricity. The building features copper plumbing and also offers on-site laundry and five tuck-under parking spaces. The property is located in North Long Beach proximate to the 91 and 710 Freeways and one block to Starr King Elementary. This area is a strong rental submarket with consistently low vacancy rates. 248 East Artesia Boulevard is offered as part of a portfolio sale along with 228 East Artesia Boulevard, a six-unit building just six parcels away. Properties may be acquired separately or together.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Laundry Community Facility
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 7303012042
Special Listing Condition Not Applicable
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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker