245 E Artesia Boulevard

  • Long Beach

  • $1,349,000

Residential Income Details

SELLER WILLING TO CARRY FINANCING FOR 2 YEARS!!! At only $217/sq. ft., this is one of the lowest sq.ft. prices in Long Beach. Clean landscaping. The property has 7 separate garages. Copper plumbing, newer roof and in very clean condition, this property has tremendous rental upside The property has a very achievable CAP of 5.7% and 12.36 GRM. Pride of Ownership Building that must be seen. The 5 units are huge - 1,650 sq. ft. 3 bedroom 2 bath Owner's Unit, with Fireplace and 2 parking spots. There are also Four 1,200 sq. ft. 2 bedroom + 2 bathroom units each with Fireplace and one parking garage. At over 50% Rental Upside Property can be making money immediately. 6,437 SF Building , 7,385 SF Lot (triple lot). Being close to the 91 and 710 Freeways it has great Freeway access. Laundry machines owned by Building. BRING ALL OFFERS!!
MLS #SB18006325
Number of Units5
Sale TypeStandard
Listing BrokerageKeller Williams Beach Cities
Listing AgentMichael Millea
Listing Agent BRE #01069014
FireplaceLiving Room
Garage Spaces7
Area7 - North Long Beach
TractNorth Long Beach (NLB)
CommunityCurbs,Sidewalks,Street Lighting
Address245 E Artesia Boulevard
CityLong Beach
CountyLos Angeles


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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 13, 2018. 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.