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7361 Artesia Boulevard

Buena Park, CA 90621
  • $2,900,000
  • STATUS: ACTIVE
  • ON SITE: 20 Days
  • ID#: OC24189398
$2,900,000
  • 3
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

7361 Artesia Boulevard is an 8-unit multifamily investment property located in Buena Park, California. The property offers a mix consisting of one and two-bedroom units with interiors featuring vinyl, tile, and carpet flooring, quartz countertops, recessed lighting, ceiling fans, and more. Residents enjoy amenities including security doors, a spacious common area backyard, and ample parking. 7361 Artesia Boulevard is located within 1 mile of the intersection of Beach Boulevard and Malvern Avenue, a bustling retail corridor home to several neighborhood retail centers. Additionally, the property is just over 1 mile from The Source OC, a modern shopping mall granting residents easy access to a wide variety of retail, dining, and entertainment options. Furthermore, 7361 Artesia Boulevard benefits from its proximity, just under 2 miles, to Knotts Berry Farm, the citys top employer with over 4,000 employees per Buena Parks 2023 Annual Comprehensive Financial Report. Residents enjoy the propertys close proximity to State Route 91 and Interstate 5, providing convenient access to major regional employment hubs throughout Southern California. The Buena Park submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent (Q1 2024) and average year-over-year effective rent increase of 4.2 percent (2023), demonstrating the strong demand for rental housing. Buena Parks optimal North Orange County location, strong economic growth, and unmatched local attractions have made it one of Southern Californias most desirable and versatile market 7361 Artesia Boulevard is an 8-unit multifamily investment property located in Buena Park, California. The property offers a mix consisting of one and two-bedroom units with interiors featuring vinyl, tile, and carpet flooring, quartz countertops, recessed lighting, ceiling fans, and more. Residents enjoy amenities including security doors, a spacious common area backyard, and ample parking. 7361 Artesia Boulevard is located within 1 mile of the intersection of Beach Boulevard and Malvern Avenue, a bustling retail corridor home to several neighborhood retail centers. Additionally, the property is just over 1 mile from The Source OC, a modern shopping mall granting residents easy access to a wide variety of retail, dining, and entertainment options. Furthermore, 7361 Artesia Boulevard benefits from its proximity, just under 2 miles, to Knotts Berry Farm, the citys top employer with over 4,000 employees per Buena Parks 2023 Annual Comprehensive Financial Report. Residents enjoy the propertys close proximity to State Route 91 and Interstate 5, providing convenient access to major regional employment hubs throughout Southern California. The Buena Park submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent (Q1 2024) and average year-over-year effective rent increase of 4.2 percent (2023), demonstrating the strong demand for rental housing. Buena Parks optimal North Orange County location, strong economic growth, and unmatched local attractions have made it one of Southern Californias most desirable and versatile markets. Given the strength of the overall apartment market within the city of Buena Park, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 7361 Artesia Boulevard.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
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7361 Artesia Boulevard Buena Park, CA 90621

  • Price: $2,900,000
  • Status: ACTIVE
  • On Site: 20 Days
  • ID#: OC24189398
3
Beds
0
Baths
0
½ Baths
0.39
Acres
Neighborhood:
Oc - Buena Park (90621)
County:
Orange
Area:
Oc - Buena Park (90621)
Property Description
7361 Artesia Boulevard is an 8-unit multifamily investment property located in Buena Park, California. The property offers a mix consisting of one and two-bedroom units with interiors featuring vinyl, tile, and carpet flooring, quartz countertops, recessed lighting, ceiling fans, and more. Residents enjoy amenities including security doors, a spacious common area backyard, and ample parking. 7361 Artesia Boulevard is located within 1 mile of the intersection of Beach Boulevard and Malvern Avenue, a bustling retail corridor home to several neighborhood retail centers. Additionally, the property is just over 1 mile from The Source OC, a modern shopping mall granting residents easy access to a wide variety of retail, dining, and entertainment options. Furthermore, 7361 Artesia Boulevard benefits from its proximity, just under 2 miles, to Knotts Berry Farm, the citys top employer with over 4,000 employees per Buena Parks 2023 Annual Comprehensive Financial Report. Residents enjoy the propertys close proximity to State Route 91 and Interstate 5, providing convenient access to major regional employment hubs throughout Southern California. The Buena Park submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent (Q1 2024) and average year-over-year effective rent increase of 4.2 percent (2023), demonstrating the strong demand for rental housing. Buena Parks optimal North Orange County location, strong economic growth, and unmatched local attractions have made it one of Southern Californias most desirable and versatile market 7361 Artesia Boulevard is an 8-unit multifamily investment property located in Buena Park, California. The property offers a mix consisting of one and two-bedroom units with interiors featuring vinyl, tile, and carpet flooring, quartz countertops, recessed lighting, ceiling fans, and more. Residents enjoy amenities including security doors, a spacious common area backyard, and ample parking. 7361 Artesia Boulevard is located within 1 mile of the intersection of Beach Boulevard and Malvern Avenue, a bustling retail corridor home to several neighborhood retail centers. Additionally, the property is just over 1 mile from The Source OC, a modern shopping mall granting residents easy access to a wide variety of retail, dining, and entertainment options. Furthermore, 7361 Artesia Boulevard benefits from its proximity, just under 2 miles, to Knotts Berry Farm, the citys top employer with over 4,000 employees per Buena Parks 2023 Annual Comprehensive Financial Report. Residents enjoy the propertys close proximity to State Route 91 and Interstate 5, providing convenient access to major regional employment hubs throughout Southern California. The Buena Park submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent (Q1 2024) and average year-over-year effective rent increase of 4.2 percent (2023), demonstrating the strong demand for rental housing. Buena Parks optimal North Orange County location, strong economic growth, and unmatched local attractions have made it one of Southern Californias most desirable and versatile markets. Given the strength of the overall apartment market within the city of Buena Park, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 7361 Artesia Boulevard.
Exterior Features

Pool N/K Site CurbsSidewalks Topography Level

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 4.32 Annual Expense Actual 62324 Buildings 2 Cfd Mello Roos Fee 2057.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 15.0 Gross Scheduled Income Actual 191040 Home Owners Fees 0.0 Monthly Total Fees 171 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 3785.0 Unit2 Rent Actual 12135.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Tyler Leeson of Marcus & Millichap RE Invest: 714-713-9086. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106