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1115 Artesia Blvd.
Long Beach, CA 90805
New Construction 5 Large Townhomes · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Brand New 2023 Construction on a Busy Arterial in north Long Beach
- Unit Amenities Include Large Kitchen Islands, Private Balconies, Laundry Rooms with Washers & Dryers
- Demand for Multi-Generational Housing Accommodations and Larger Units Have Surged in Popularity
- 3 of the Units are Large 5br/3.75ba Townhomes with Attached Two-Car Garages
- Competitive Advantage in that there are very few Newer Constructed Buildings in the Market Area and Very Few with 5br Units
- Leasing Started Up in February 2024, 4 of the 5 Units Have Been Leased So Far
Property Facts
| No. Units | 5 | Building Size | 8,100 SF |
| Property Type | Multifamily | Average Occupancy | 60% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2023 |
| Building Class | B | Parking Ratio | 0.99/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LBCCA | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 8,100 SF |
| Average Occupancy | 60% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LBCCA |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3.5 | 3 | $3,925 | 1,750 |
| 4+3 | 1 | $3,550 | 1,421 |
| 3+2 | 1 | $2,992 | 1,252 |
Property Taxes
| Parcel Number | 7115-007-037 | Improvements Assessment | $1,927,800 |
| Land Assessment | $408,000 | Total Assessment | $2,335,800 |
Property Taxes
Parcel Number
7115-007-037
Land Assessment
$408,000
Improvements Assessment
$1,927,800
Total Assessment
$2,335,800
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