5791 Kingman Ave - Apartments FOR SALE


Buena Park, CA 90621
$3,350,000 USD
714-713-9086
5791 Kingman Ave, Buena Park, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/19
null | 4.8% Cap Rate

5791 Kingman Ave
Buena Park, CA 90621


HIGHLIGHTS

  • All 10 units are spacious 2 Bed/1 Bath layouts.
  • Select units have been renovated with modernized kitchens and bathrooms, while one unit is currently under renovation.
  • Upstairs units feature private balconies and downstairs units include spacious private yards.
  • The property offers 10 single-car garages and 10 additional surface spaces, totaling 20 parking spaces.
  • Current ownership has invested over $380,000 in recent capital improvements.
  • The property benefits from immediate access to multiple grocery-anchored neighborhood retail centers to the north.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 5791 Kingman Avenue, a 10-unit multifamily investment opportunity located in Buena Park, CA. The property consists of 10 2 Bed/1 Bath units, offering a highly desirable and functional unit mix that appeals to a broad tenant base including roommates, small families, and working professionals. The asset features gated access, an on-site laundry facility, 10 single-car garages, and 10 additional surface parking spaces, providing a total of 20 on-site spaces for residents. Current ownership has invested significant capital throughout the property totaling over $380,000. Select units have been renovated with updated kitchens and bathrooms, including new flooring, countertops, cabinets, appliances, lighting, tile backsplashes, modern tub surrounds, vanities, and fixtures. One unit is currently undergoing renovation, offering new ownership the opportunity to continue the interior upgrade program and capture additional rental upside. Upstairs units each feature a private balcony, while downstairs units offer spacious private yards, creating a desirable mix of private outdoor amenities. The combination of uniform 2 Bed/1 Bath units, in-place renovations, and remaining value-add potential positions the asset as an attractive investment opportunity in a well-established Buena Park neighborhood. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s). *

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

10

PRICE/UNIT

$335,000

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,940 SF

ZONING

RM, Buena Park

APN/PARCEL ID

277-102-05

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.