See all 5 photos
5 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$1,300,000
Est. payment /mo
3,456 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $376
MLS Listing ID CRPW25046454
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1962
Lot Size 4,936 Sqft
Property Sub-Type Other
Property Description
228 East Artesia Boulevard is a six-unit apartment building in Long Beach, California. This offering is an excellent opportunity to acquire an asset with remodeled interiors, solid in place rents plus 16 percent rental upside at a 5.56 percent current cap rate. 228 East Artesia Boulevard is a two-story 1962 construction with two two-bed/one-bath and four one-bed/one-bath units that are separately metered for gas and electricity. The building is situated on a gated lot with six surface parking spaces, and the property also offers shared on-site laundry. Additionally, the roof was replaced just six years ago and the building features all copper plumbing. 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. 228 East Artesia Boulevard is offered as part of a portfolio sale along with 248 East Artesia Boulevard, a seven-unit building just six parcels away. Properties may be acquired separately or together.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Water Public
Read Less Info
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.