Sold

495 The Promenade

Long Beach CA, 90802

$10,900,000


$307.66 per sqft

Sold

37 Beds

37 Baths

35,429 sqft

Residential

Built in 2022

Listed by Janet Neman with Kidder Mathews of California, Inc. 858-369-3010

495 The Promenade North, is a brand-new 2022 construction mixed-use building with 20-units and 5,621 SF of retail in the heart of prime Downtown Long Beach. 495 The Promenade North provides an investor the rare opportunity to acquire a thoughtfully designed asset with quality construction and exquisite design features. Property features a strong unit mix of spacious and beautifully designed units including (4) one-bedroom, one-bath units, (15) two-bedroom, two-bath units, and (1) three-bedroom, three-bath townhome style unit with two separate entrances. Unit interiors feature open floor plans, high ceilings, in-unit washer and dryers, central air conditioning, recessed lighting, balconies, floor to ceiling windows in some units, and more. All units include luxury finishes, stainless steel appliances, beautifully designed kitchens and bathrooms, European kitchen cabinets, stone countertops and tile backsplashes, hardwood flooring throughout, recessed lighting, and walk-in closets with custom built-ins. The building totals 35,429 SF of improvements on a 12,801 SF lot.Situated in the heart the highly desirable Downtown Long Beach, 495 The Promenade North is ideally positioned in one of the most walkable areas of SoCal. The Property is surrounded by countless amenities including an array of restaurants, shops, trendy bars, hotels, beaches, and cultural and entertainment venues. The Property is minutes to notable destinations including the Long Beach Convention and Entertainment Center, Shoreline Village, Aquarium of the Pacific, The Pike and Rainbow Harbor Waterfront, The Marina, and the Promenade. Other notable locations include The Port of Los Angeles, The Queen Mary, Pine Street, and the charming coastal neighborhood of Alamitos Beach. Additionally, the Property is surrounded by major employers and has convenient access to transportation and the 710 and 405 Freeways. Downtown Long Beach is the known as city's economic center and a waterfront metropolis, where residents are able to live, work, and play. 495 The Promenade North is situated in a highly sought after market and is surrounded by countless nearby amenities and developments that continue to transform the city's landscape. This is a perfect opportunity for an investor looking to acquire a newly-constructed, luxury building with strong cash-flow, excellent visibility, strong market fundamentals and upward trending demographics. 495 The Promenade North is poised to offer an investor long-term returns and appreciation.

23322085

MLS ID

October 16, 2023

Listed

March 23, 2024

Updated

Map

495 The Promenade
Long Beach CA, 90802

Interior Features

Total Stories

4


Bedrooms

37 Beds


Bathrooms

37 Baths


Appliances

Dishwasher, Disposal, Refrigerator, Dryer, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.29 Acres

Other Property Details

Area Name

4 - Downtown Area, Alamitos Beach


Days on Market

28


Garage

No


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LBPD30


Buyer Agency Compensation

1%

Listing Contact: 858-369-3010 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:31 AM UTC

 

Powered byLuxury Presence