Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25250661
MLS Source
California Regional MLS
Days on Site
4
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
248 E Artesia Bld is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 4,851 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,475,000 and was built in 1963. This address can also be written as 248 E Artesia Bld, Long Beach, CA 90805.
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This listing information is up-to-date as of October 30, 2025. For the most current information, please contact Steven Bogoyevac, (562) 257-1231
