858-525-5007

248 Artesia, Long Beach CA 90805 | $1,475,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 4851 Lot Sq Ft
  • Type: Commercial/Residential
  • Stories: 2
  • Year Built: 1963
  • MLS#: PW25250661
  • Community: 9 - Poly High

Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker. Last updated 2025-11-12 09:11:24.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.11 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985