John Salmon - Commercial Real Estate Showcase

John Salmon Property Listings
Vice President Acquisition & Development
ESDI, Inc.
4540 Campus Dr
Suite 100
Newport Beach, CA 92660-1815
(949) 355-2179
(949) 252-0975

7375 9th Street - Madrid Apartments

Buena Park, CA 90621-2774 - Buena Park MF Submarket

Property Type:Multi-Family Number of Units:34 Status:Existing Year Built:1962
Stories:2 Building Size:30,254 SF Land Area:1.12 AC (48,787 SF)
For Sale Price:$9,650,000 Price/Unit:$283,823.53 Cap Rate:4.33 % GRM:-

Parking:1.72 Parking Spaces / 1,000 SF

Composition Open(Tandem) Covered(Tandem) Total Condition
Asphault: 18(0) 0(0) 18 Average
Concrete: 0(0) 34(0) 34 Average

Property Description: Multi Family - 34 Units

Sale Notes:
ESDI, Inc is pleased to present the opportunity for qualified investors to purchase The Madrid Apartment Homes at 7375 9th Street (“Property”), a multi-family asset located in Buena Park, CA. The Property is currently 94% occupied and rents are currently 5 % under market adding potential upside to a consistent cash-flowing asset.
The city of Buena Park has approximately 80,500 residents and is located 18 miles south of Los Angeles, 14 miles north of Newport Beach/John Wayne Airport and 13 miles east of Long Beach Airport. This convenient location has a significant presence of entertainment, technology and manufacturing companies. Buena Park's E-Zone district, located along Beach Boulevard, is home to several well-known tourist destinations: the venerable Knott's Berry Farm theme park, and its sister water park Knott's Soak City, Pirate's Dinner Adventure Show, and a Medieval Times dinner show.

Some of the companies with significant presence in Buena Park are ADP, Prologis, PepsiCo and Yamaha America. Disneyland and Los Angeles Angels are only 5 miles to the south.

ESDI, Inc.
Massy Farzine
(949) 252-5330

John Salmon
(949) 355-2179

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