Homes for sale - 248 E Artesia BLVD, Long Beach, CA 90805

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Stephanie Janeshak

stephanie4realestate@gmail.com +1(951) 892-5100

$ 1,475,000

Est. payment | -/mo

4,852 Sqft Lot

Save

$ 1,475,000

Est. payment | -/mo

Save

4,852 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID PW25250661

HOA Y/N No

Year Built 1963

Lot Size 4,852 Sqft

Property Sub-Type Mixed Use

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

Area 9 - Poly High

Zoning LBR3T

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 5

Pool None

Community Features Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7303012042

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker steve.bogoyevac@marcusmillichap.com

GET MORE INFORMATION

Stephanie Janeshak

REALTOR® | Lic# 01257777

stephanie4realestate@gmail.com

+1(951) 892-5100

4160 Temescal Canyon Rd Suite 500, Corona, CA, 92883, USA

248 E Artesia BLVD Long Beach, CA 90805

Stephanie Janeshak

Key Details

Location

Interior

Exterior

Building

Others

248 E Artesia BLVD