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7361 Artesia Boulevard, Buena Park, CA 90621
Priced at Only: $2,900,000
For more Information Call Mobile: 714.478.6676
Address: 7361 Artesia Boulevard, Buena Park, CA 90621
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  • MLS#: OC24189398 ( Apartment )
  • Street Address: 7361 Artesia Boulevard
  • Viewed: 15
  • Price: $2,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1974
  • Bldg sqft: 0
  • Days On Market: 106
  • Additional Information
  • County: ORANGE
  • City: Buena Park
  • Zipcode: 90621
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • 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 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.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 7034.00
Carport Spaces
  1. 6.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 25
Electric Expense
  1. 2598.00
Entry Location
  1. First Level
Fuel Expense
  1. 2598.00
Garage Spaces
  1. 3.00
Insurance Expense
  1. 5600.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 125217.00
Newtaxesexpense
  1. 31352.00
Otherexpense
  1. 9377.00
Otherexpensedescription
  1. Misc
Otherincome1
  1. 2232.00
Parcel Number
  1. 06611227
Pool Features
  1. None
Postalcodeplus4
  1. 3903
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422935119:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 62324.00
Trash Expense
  1. 2598.00
Uncovered Spaces
  1. 10.00
Vacancyallowance
  1. 5731
Views
  1. 15
Water Sewer Expense
  1. 2599.00
Water Source
  1. Public
Year Built
  1. 1974
Year Built Source
  1. Assessor
Zoning
  1. R3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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