228 E Artesia Boulevard, Long Beach, CA 90805 - Berkshire Hathaway HomeServices California Properties
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228 E Artesia Boulevard, Long Beach, CA 90805

$1,300,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Steven Bogoyevac | steve.bogoyevac@marcusmillichap.com
Lic#: 01332755
Broker: Courtesy of Steven M. Bogoyevac, Broker

Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# PW25046454
Price: $1,300,000
Beds: 0
Baths: 0
Built in 1962
2 stories
0.11 acres
Lot size: 0.1133
Subdivision: n/a
County: Los Angeles
Zoning: LBR3T
Lot description: Rectangular Lot
MLS area: 9 - Poly High

Last Updated: 3/3/2025

 Days On Market (DOM): 41

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This listing belongs to the 9 - Poly High MLS area

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Lat/Long: 33.874001, -118.199201.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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