7531 Knott Ave - Apartments FOR SALE


Buena Park, CA 90620
$8,488,000 USD
714-713-9086
7531 Knott Ave, Buena Park, CA for Sale
$8,488,000 USD
Apartments - FOR SALE
1/15
null | 4.89% Cap Rate

7531 Knott Ave
Buena Park, CA 90620


HIGHLIGHTS

  • Attractive Mix of One & Two-Bedroom Floor Plans with All Units Featuring a Den
  • Gated Access, Ample Surface Parking (42 Total Spaces), a Courtyard & Picnic Area, Patios or Balconies & an On-Site Laundry Facility
  • Value-Add Opportunity: Substantial Rental Upside Achievable Through Unit Renovations
  • Premier Buena Park Location in Close Proximity to the City’s Largest Employers, Including Knott’s Berry Farm & Soak City
  • Convenient Access to State Route 91, Interstate 5, & Beach Boulevard Connecting Residents to Employment Hubs Throughout Southern California

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Casa Andini, a 24-unit multifamily investment property located at 7531 Knott Avenue in Buena Park, CA. Situated on a 0.89-acre lot, Casa Andini offers 2, one-bedroom units and 22, two-bedroom units, each with a den. Residents enjoy the property’s amenities including surface, tuck-under, and carport parking, gated access, private patios or balconies, and on-site laundry. Additionally, Casa Andini represents a unique value-add opportunity with substantial potential upside through the completion of a comprehensive renovation program. Casa Andini benefits from its fantastic Buena Park location, providing residents with convenient access to major employers, retail centers, entertainment destinations, and freeways. The property is located less than 1.5 miles from The Source OC, Buena Park Downtown, & Knott’s Berry Farm, three of the cities premier destinations as well as major employment hubs. Additionally, Casa Andini is within 0.5 miles of Yamaha Corporation of America’s headquarters, a premier employer in the city as well as the site of a major redevelopment project. Furthermore, Casa Andini’s location provides easy access to surrounding cities via Beach Boulevard, State Route 91, and Interstate 5. Given the property’s fantastic unit mix and attractive amenities as well as its unmatched location, Casa Andini is well suited to provide investors with strong returns over the long-term investment horizon. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$8,488,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

24

PRICE/UNIT

$353,667

CAP RATE

4.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Andini

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

RM-20, Buena Park

APN/PARCEL ID

263-491-10

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 Policy.