Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25046454
MLS Source
California Regional MLS
Days on Site
26
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| King Elementary School | public | K-5 | 0.15 mi | |
| Powell Academy For Success | public | K-8 | 0.76 mi | |
| Jordan High School | public | 9-12 | 0.80 mi | |
| Kelly Elementary School | public | K-8 | 0.99 mi | |
| Emerson Elementary School | public | K-8 | 1.05 mi | |
| Compton High School | public | 9-12 | 1.15 mi | |
| Roosevelt Middle School | public | 6-8 | 1.15 mi | N/A |
| Hamilton Middle School | public | 6-8 | 1.26 mi | |
| Grant Elementary School | public | K-5 | 1.33 mi | |
| Addams Elementary School | public | K-5 | 1.54 mi | |
| Cesar Chavez Continuation High School | public | 9-12 | 1.61 mi | |
| Dominguez High School | public | 9-12 | 1.61 mi | |
| Thurgood Marshall School | public | K-12 | 1.61 mi | |
| Frank J. Zamboni School | public | 6-8 | 1.68 mi | |
| Mark Keppel School | public | K-5 | 1.69 mi | |
| Leona Jackson School | public | 4-8 | 1.70 mi | |
| Lindbergh Middle School | public | 6-8 | 1.71 mi | |
| Clinton, William Jefferson School | public | K-8 | 1.77 mi | |
| Robert F. Kennedy Elementary School | public | K-8 | 1.79 mi | |
| Harte Elementary School | public | K-5 | 1.81 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
228 E Artesia Bld is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 4,936 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,300,000 and was built in 1962. This address can also be written as 228 E Artesia Bld, Long Beach, CA 90805.
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This listing information is up-to-date as of March 03, 2025. For the most current information, please contact Steven Bogoyevac, (562) 257-1231
