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.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T23:27:21.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.