Mixed-Use
495 The Promenade N
495 The Promenade N, Long Beach, CA 90802
Listing Price: $13,750,000
Cap Rate
5.10%
Number of Units
20
Occupancy
40.0%
Price/Unit
$687,500
Price/Gross SF
$388.10
Gross SF
35,429
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 495 The Promenade North, a brand-new 20-unit apartment building with 5,621 SF ground floor retail in Long Beach, CA 90802.
495 The Promenade N
Investment Highlights
- Brand-New 2022 Construction Featuring 20 Apartments & 5,621 SF Ground-Floor Retail!
- Excellent Unit Mix Composed of 4 One-Bedroom/One-Bathroom Units, 15 Two-Bedroom/Two-Bathroom Units & 1 Three-Bedroom/Three-Bathroom Townhouse-Style Unit with 2 Entries!
- Units Feature In-Unit Washer/Dryer, European Kitchen Cabinets, Fleetwood Glass Sliding Doors & Windows, Walk-In Closets with IKD Custom Built-Ins, Central Air/Heat & Honeywell Wireless Doorbell!
- 5,621 SF Ground Floor Retail Space! Perfect Opportunity for a Ghost Kitchen - Equipped with Vents, Kitchen Hookups & Grease Traps!
- Close Proximity to the Long Beach Shoreline Marina, Long Beach Convention Center, Aquarium of the Pacific & Lincoln Park!
Exclusively Listed By
Financing By
Listing Price: $13,750,000
Cap Rate
5.10%
Number of Units
20
Occupancy
40.0%
Price/Unit
$687,500
Price/Gross SF
$388.10
Gross SF
35,429
Investment Highlights
- Brand-New 2022 Construction Featuring 20 Apartments & 5,621 SF Ground-Floor Retail!
- Excellent Unit Mix Composed of 4 One-Bedroom/One-Bathroom Units, 15 Two-Bedroom/Two-Bathroom Units & 1 Three-Bedroom/Three-Bathroom Townhouse-Style Unit with 2 Entries!
- Units Feature In-Unit Washer/Dryer, European Kitchen Cabinets, Fleetwood Glass Sliding Doors & Windows, Walk-In Closets with IKD Custom Built-Ins, Central Air/Heat & Honeywell Wireless Doorbell!
- 5,621 SF Ground Floor Retail Space! Perfect Opportunity for a Ghost Kitchen - Equipped with Vents, Kitchen Hookups & Grease Traps!
- Close Proximity to the Long Beach Shoreline Marina, Long Beach Convention Center, Aquarium of the Pacific & Lincoln Park!
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 495 The Promenade North, a brand-new 20-unit apartment building with 5,621 SF ground floor retail in Long Beach, CA 90802.
Exclusively Listed By
Financing By
