7361 Artesia Boulevard

Buena Park, CA 90621

$2,900,000
Price
3
Beds
8
Baths
7,034 Sq. Ft.
$412 / Sq. Ft.
7,034
Sq. Ft.
$412
per Sq. Ft.

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,...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 Knott’s Berry Farm, the city’s top employer with over 4,000 employees per Buena Park’s 2023 Annual Comprehensive Financial Report. Residents enjoy the property’s 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 Park’s optimal North Orange County location, strong economic growth, and unmatched local attractions have made it one of Southern California’s 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.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 7361 Artesia Boulevard

Parking Spaces Total
19
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
7034
Assessor Parcel Number
066-112-27
Property Attached YN
false
LISTING UPDATED: 09/27/2024 07:07 AM

Property Details for 7361 Artesia Boulevard

StatusActive
MLS #OC24189398
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1974
CountyOrange County

Building Information for 7361 Artesia Boulevard

Building/Complex7361 Artesia BlvdFloor-Stories2Residences-Pet Policy-Year Built1974Building Size-

Property Information for 7361 Artesia Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $193,272
  • Gross Scheduled Income: $191,040
  • Vacancy Allowance: 5731
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $185,309
  • Net Operating Income: $125,217
  • Other Income 1: $2,232
  • Gross Multiplier: 15.0
  • Cap Rate: 4.32
Expense Details
  • Operating Expense: $62,324
  • Operating Expense Percent: 33.20%
  • New Taxes Expense: $31,352
  • Fuel Expense: $2,598
  • Electric Expense: $2,598
  • Insurance Expense: $5,600
  • Maintenance Expense: $5,600
  • Professional Management Expense: $0
  • Other Expense: $9,377
  • Other Expense Description: Misc
  • Trash Expense: $2,598
  • Water Sewer Expense: $2,599
  • Total Expenses: $62,324
Tax / Assessment Info
  • Tax Tract Number: 729
  • Tax Census Tract: 1106.06
  • CFD/Mello-Roos Fee: $2,057
  • Tax Lot: 146
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 3
  • Carport Spaces: 6
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,785
  • Unit Type Total Rent: $3,785
  • Unit Type Pro Forma: 3990
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $12,135
  • Unit Type Total Rent: $12,135
  • Unit Type Pro Forma: 14370
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 7361 Artesia Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7361 Artesia Boulevard

Taxable ValueLand$1,202,774Additions$595,371Total$1,798,145
Tax Record2024$21,566 ($1,797 / month)
Home Facts
Total Finished SqFt7,034 SqFtAbove Grade Finished SqFt7,034 SqFtStories2Lot Size16,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyORANGEAPN066-112-27

Schools near 7361 Artesia Boulevard

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Gordon H. Beatty Middle
Public6 to 8

Buena Park High School
Public9 to 12

Buena Park Junior High School
Public6 to 8

La Sierra High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7361 Artesia Boulevard is a multi-family home for sale in Buena Park, CA 90621. This property was listed for sale on September 11, 2024 by Marcus & Millichap RE Invest, it's currently listed at $2,900,000. It has been on the market for a total of 73 days and was last sold on April 26, 2004. This listing's school districts are Fullerton Joint Union High School District, Buena Park Elementary School District. Nearby schools include Gordon H. Beatty Middle, Buena Park High School and Buena Park Junior High School. 7361 Artesia Boulevard is a 3-bed, 8-bath, 7,034 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.