248 E Artesia Boulevard, Long Beach, CA 90805

Local realty services provided by:ERA Excel Realty
248 E Artesia Boulevard,Long Beach, CA 90805
$1,475,000
  • - Beds
  • - Baths
  • 5,112 sq. ft.
  • Multi-family
  • Active
Listed by:steven bogoyevac
Office:steven m. bogoyevac, broker
MLS#:PW25250661
Source:CRMLS

Price summary

  • Price:$1,475,000
  • Price per sq. ft.:$288.54

About this home

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.

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Home facts

  • Year built:1963
  • Listing ID #:PW25250661
  • Added:1 day(s) ago
  • Updated:November 01, 2025 at 01:22 PM

Rooms and interior

  • Living area:5,112 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:5,112 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,475,000
  • Price per sq. ft.:$288.54
Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2025 . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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