248 E Artesia BLVD Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Na
MLS Listing ID PW25046471
Year Built 1963
Lot Size 4,852 Sqft
Property Sub-Type Mixed Use
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
Zoning LBR3T
Interior
Laundry Common Area
Exterior
Pool None
Community Features Urban
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard