6851 Dale St - Apartments FOR SALE


Buena Park, CA 90621
$7,800,000 USD
949-887-2465
6851 Dale St, Buena Park, CA for Sale
$7,800,000 USD
Apartments - FOR SALE
1/8
null | 4.22% Cap Rate

6851 Dale St
Buena Park, CA 90621


HIGHLIGHTS

  • 100% Single Story Construction
  • Well Maintained Legacy Asset - First Time on the Market Since the 1980s
  • Recent Improvements - New Roof, New Main and Sub Electrical Panels, Dual Paned Vinyl Windows and Sliders, Paint, and Copper Plumbing
  • Ideal Unit Mix - One - 3 Bed / 2 Bath Owners Unit, Thirteen - 2 Bed / 2 Bath, and Seven - 1 Bed / 1 Bath Units
  • Large 1.16 Acre Lot with Gated Access
  • Upside in Income - Approximately 23% Upside in Rental Income

OVERVIEW

Dale Terrace is a well-maintained, single-story multifamily community offered for sale for the first time since the early 1980s. Located in a highly sought-after Buena Park location, a new owner will benefit from the opportunity to acquire an asset with significant income and operational upside. The property features an efficient unit mix of one-bedroom/one-bath (˜34%), two-bedroom/two-bath (˜62%), and select three-bedroom/two-bath (˜5%) floorplans. Recent capital improvements, include a roof installed within the last two years, upgraded main and sub-electrical panels, dual-paned vinyl windows and sliders, newer paint, and copper plumbing which will reduce near-term capex and enhance operational reliability. The property sits on an expansive 1.16-acre, gated parcel within walking distance of James A. Whitaker Elementary and Buena Park High School. Dale Terrace benefits from compelling demographics and proximity to major employment, with average household incomes of $111,967 and more than 24,000 businesses employing over 224,000 people within a five-mile radius. Investors can pursue income growth through light interior refreshes and operational efficiencies. This is a unique opportunity to acquire an asset with strong in-place performance, immediate cash flow, and meaningful upside.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

21

PRICE/UNIT

$371,429

CAP RATE

4.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dale Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

Auto Center Specific Plan

APN/PARCEL ID

277-111-04

ASK ABOUT THIS PROPERTY

Brett BaylessThe Mogharebi GroupMore Info
949-887-2465

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Brett BaylessThe Mogharebi GroupMore Info
949-887-2465

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