6
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$1,475,000
Est. payment /mo
5,112 SqFt
Active
248 E Artesia Boulevard Long Beach, CA 90805
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,112 sqft
Price per Sqft $288
MLS Listing ID CRPW25250661
HOA Y/N No
Year Built 1963
Lot Size 4,851 Sqft
Acres 0.11
Property Sub-Type Other
Property Description
This offering is a great opportunity to acquire an asset with a desirable unit mix and 16 percent rental upside at a 6.69 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
Zoning LBR3
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Other
New Construction No
Others
Tax ID 7303012042
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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