228 E Artesia Boulevard, Long Beach, CA 90805

• 3,456 sqft

Property Description

This offering is an excellent acquisition opportunity for any investor looking for a well-priced asset with remodeled interiors and upside potential: this building is listed at a 6.23% current cap rate and just $195,833 per unit, and current rents offer 16 percent rental upside. 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 six-unit building just six parcels away. Properties may be acquired separately or together.

Listing Status:

Active

Date Added:

October 30, 2025 at 05:00AM

Listing Office:

Steven M. Bogoyevac, Broker : 562-436-5800

Listing Agent:

Steven Bogoyevac : 562-257-1231

MLS ID:

CRPW25250729

Interior

• Laundry: Common Area

Location

• County: Los Angeles

Lot

• Zoning: LBR37303012037

This listing courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker