Courtyard Apartment
New
For Sale
$11,000,000
7411 Artesia Blvd, Buena Park, CA 90621
Condominium-style residences feature modern appliances and contemporary interior finishes.
Property Size41,357 SF
Price / SF$265.98
Days on Market5
Property Features for 7411 Artesia Blvd
General Information
Standard status
Active
Size
41,357 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Amenities
central courtyard
Building Details
Year Built
2024
Construction
condominium-style
Listing Agency:
Redpoint Realty
(213) 380-1500
Listed By:
Michelle Moon
(213) 494-8501
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redpoint Realty
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Investment Insights
Based on property information with market context.
Completed in 2024, this apartment property is configured in a condominium style, with contemporary finishes and high-quality appliances. An open central courtyard is part of the shared layout, and the building contains 41,357 square feet.
The property is at 7411 Artesia Blvd in Buena Park, near The Source Mall, with access to the 5 and 91 Freeways.
The property is at 7411 Artesia Blvd in Buena Park, near The Source Mall, with access to the 5 and 91 Freeways.
Key Highlights
- 41,357‑square‑foot apartment property completed in 2024
- Condominium‑style configuration with contemporary finishes
- High‑quality appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$789,389
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,787,780
$15.8M
Cap Rate 7%
$11,276,986
$11.3M
Cap Rate 9%
$8,770,989
$8.8M
Market Conditions
NOI Build-Up for 41,357 SF
Gross rent
$1.49M $36.00/SF
− Vacancy
−$53.6K −$1.30/SF
EGI
$1.44M $34.70/SF
− OpEx
−$645.9K −$15.62/SF
NOI
$789.4K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,787,780
Cap Rate 7%
$11,276,986
Cap Rate 9%
$8,770,989
Alternative Uses
Best Use
Apartment 5plus
$11.28M
$9.87M – $13.16M
NOI $789,389 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.89M
$12.15M – $16.21M
NOI $972,369 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
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Business Placement
Demographics for 90621, CA
36,972
Population
11,244
Households
3.3
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
4.2 sq mi
ZIP Area
8,803
Density / Sq Mi
$94,679
Median Household Income
$43,063
Median Earnings
$2,061
Median Rent
$734,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Condominium-style residences feature modern appliances and contemporary interior finishes.
Where is this apartment building located?
The property is located at 7411 Artesia Blvd Buena Park, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 41,357‑square‑foot apartment property completed in 2024; Condominium‑style configuration with contemporary finishes; High‑quality appliances
