An investment in 725 E Artesia Ave offers the opportunity for an investor to acquire bread and butter mixed use real estate with upside in rents and the ability to register an excellent cap rate for strong management. Built in 1960, the property consists of (2) 2+1, (2) 1+1 units and (1) non-conforming units. The property also offers a 1,400 square foot retail or office space fronting Artesia Ave. There is one garage in the front of the property, and an additional three garages in the rear. The location is freeway close to the 91, 710 and 405 freeways. Overall, rents are under market and with a mild rehab routine, should have no problem increasing rents.
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INCO COMMERCIAL REALTY INC
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This Multi-Family home
for sale in Long Beach, CA
is currently listed for $735,000.
Featuring a lot size of 5,853 Sq. Ft.,
725 E Artesia Boulevard
was built in 1960 and
has been on ERA.com for 162 days.
This listing is provided courtesy of INCO COMMERCIAL REALTY INC.
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ERA Matilla Realty
225 Culver Boulevard
Playa Del Rey, CA 90293
Steven Luc Matilla, CAL BRE 00398688
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Data last updated: Monday, October 24, 2016 at 5:32 PM. Properties in listings may have been sold or may no longer be available.