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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.

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

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    Los Angeles

Financing By

Mixed-Use

495 The Promenade N

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

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    Los Angeles

Financing By

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