$1,475,000

248 E Artesia Boulevard, Long Beach, CA 90805

  • 5,112 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon4,853sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $289/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
October 30, 2025 at 05:00AM
Listing Office:
Steven M. Bogoyevac, Broker : 562-436-5800
Listing Agent:
Steven Bogoyevac : 562-257-1231
MLS ID:
PW25250661
  • Laundry: Common Area
  • Pool: None
  • Parking: Parking spaces: 5
  • General: 2
  • Originating MLS: CRMLS_CRM
  • County: Los Angeles
  • Zoning: LBR3T7303012042
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Starr King Elementary School

145 E Artesia Blvd, Long Beach, CA, 90805

Grades KG-5

0.20 miles away

C

Colin Powell Academy

150 W Victoria St, Long Beach, CA, 90805

Grades KG-8

0.78 miles away

J

Jordan High School

6500 Atlantic Ave, Long Beach, CA, 90805

Grades 9-12

0.80 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.