MWest Holdings Buys Long Beach Community
Ensemble Investments was the developer of the 94-unit property.
Real estate company MWest Holdings has acquired 442 Residences, a new apartment community in the heart of downtown Long Beach, Calif.
Located at 442 W. Ocean Blvd., at the corner of Queens Way, 442 Residences was completed in 2019. The five- and seven-story elevator-served building is of steel frame construction and occupies a parcel measuring a net site size of 0.55 acres.
The property features 94 apartments, with the unit selection made up of studio, one- and two-bedroom loft-style residences ranging in size from 524 to 1,043 square feet.
Apartment homes feature ceiling heights up to 11-feet, one-inch tall, as well as oversized balconies and wrap-around terraces, keyless entry doors, smart thermostats and in-unit washers and dryers. Among the high-end common-area amenities at 442 Residences is secure underground parking featuring EV charging stations.
Residents are able to walk to nearby retail and restaurant alternatives, as well as grocery stores, music venues, movie theaters, fitness centers and coworking locations. Many walk or bike the Long Beach Shoreline Bike Path.
The property is steps from the Billie Jean King Main Library of the Long Beach Public Library system. It is also directly across from the new Long Beach Civic Center, which houses City Hall and the Port of Long Beach headquarters. It is near such attractions as the Long Beach shoreline and retired 1936 ocean liner tourist lure, the Queen Mary.
Ensemble Investments was the developer of 442 Residences. Studio T-Square 2 served as the architect of the apartment community. Last month, another Long Beach apartment community, Volta on Pine, changed hands for $156 million.