248 E Artesia Boulevard, Long Beach, CA 90805 - MLS#CRPW25046471

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Paolo Ocampo

paolo.ocampo@exprealty.com +1(510) 736-3886

Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker

$1,645,000

Est. payment - /mo

5,112 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,112 sqft

Price per Sqft $321

MLS Listing ID CRPW25046471

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1963

Lot Size 4,851 Sqft

Property Sub-Type Other

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

Interior

Fireplace No

Laundry Community Facility

Building

Lot Description Other

Water Public

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Paolo Ocampo

+1(510) 736-3886

Agent | CA BRE #02127190

Agent CA BRE #02127190

248 E Artesia Boulevard Long Beach, CA 90805

Paolo Ocampo

Key Details

Location

Interior

Building

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