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248 E Artesia Boulevard

Long Beach, CA 90805

– beds
– baths
– sqft
4,851 sqft lot
1963 build
– on site

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.

Listed By CRMLS_CA / Steven Bogoyevac / Steven M. Bogoyevac, Broker / steve.bogoyevac@marcusmillichap.com

Last checked: Checking… • Last updated Mar 3, 2025 •

MLS# PW25046471 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5112.00
Building Area Units:

Square Feet
Total Number Of Units:

7
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

7
# of Separate Electric Meters:

7

Interior

Levels:

Two
Entry Location:

1
Laundry:

Community
Laundry:

1

Location

Directions:

East of LB Blvd north of the 91
Latitude:

33.87400200
Longitude:

-118.19837900

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBR3T
Lot Features:

Rectangular Lot
Lot Size Area:

4851.0000
Lot Size Acres:

0.1114
Lot Size SqFt:

4851.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

2
Tax Census Tract:

5704.04
Tax Tract:

8201
Tax Lot:

13

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7303012042

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

na
Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

5.00
Carport Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/3/25 Mar 3, 2025	Listed / Active	CRMLS_CA	$1,645,000	121.5% (11.2% / YR)
4/17/14 Apr 17, 2014		CRMLS_CA	$742,500

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This multifamily located in North Long Beach, Long Beach, CA 90805 is currently for sale for $1,645,000. 248 E Artesia Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 248 E Artesia Boulevard is in the North Long Beach neighborhood of Long Beach and has a WalkScore® of 73, making it very walkable. This multifamily is in the attendance area of King Elementary School, Hamilton Middle School, and Jordan High School.

Listing Courtesy of: CRMLS_CA and Steven M. Bogoyevac, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 05:29 on Mar 04.

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.