Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90805 228 E Artesia Boulevard

228 E Artesia Boulevard Long Beach, CA - Image 1228 E Artesia Boulevard Long Beach, CA - Image 2228 E Artesia Boulevard Long Beach, CA - Image 3
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228 E Artesia Boulevard Long Beach, CA - Image 4
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com
  • MLS# PW25046454
  • 03/03/2025
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  • Beds • 8
  • Baths • 2
  • SQFT • 3,456
  • Year Built • 1962

Home Details

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.
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com

Interior Features for 228 E Artesia Boulevard

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 228 E Artesia Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
CountyLos Angeles
DirectionsEast of LB Blvd north of the 91
Electric Expense0.0
Electric On Property Y/NNo
Entry Location`1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet4936.0
Lot Size UnitsSquareFeet
MLS Area9 - Poly High
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces6.0
Operating Expense0.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision Namen/a
Tax Lot8
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningLBR3T

Exterior for 228 E Artesia Boulevard

Building Area Total3456.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1133
Lot Size Area4936.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,300,000
MLS#PW25046454
List Date 03/03/2025
Property Type Multi-Family
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