6
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$1,250,000
$1,250,000
Est. payment /mo
5,854 Sqft Lot
Sold on 12/24/2024
725 E Artesia BLVD Long Beach, CA 90805
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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID SB24220874
Year Built 1960
Lot Size 5,854 Sqft
Property Description
725 E Artesia is a mixed use property in North Long Beach. Highlighted by 5 Apartment units and 1 Commercial space, this building is operating at an 8.27% Cap rate and $226/SF. The unit mix is comprised of (2) 3 Bed/1 Bath, (1) 2 Bed/1 Bath, (2) 1 Bed/1 Bath and (1) Commercial Space. The property was built in 1960 and is in a rapidly growing Long Beach Market
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCCA
Interior
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Street Lights, Urban
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
Bought with Melvin Ortiz • Circle Real Estate
Bought with Melvin Ortiz • Circle Real Estate