Listed by Tyler Leeson with Marcus & Millichap RE Invest

7531 Knott Avenue

Buena Park, CA, 90620

$10,250,000

$493 per ft²
$10,250,000
$493 per ft²
Active
Active
 - For Sale
carpenters-square
20,784 ft²
property_type
Multi-family
calendar
Built 1973
Casa Andini is 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, 1 bed / 1 bath units and 22, 2 bed / 1.5 bath 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. Buena Park’s strong rental metrics, including a 2021 vacancy rate of just 0.6 percent and year-over-year rent growth of 9.2 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, Casa Andini represents an attractive value-add opportunity for a new owner to potentially achieve a substantial 34.8 percent increase in rental income. Casa Andini offers its residents an unparalleled Buena Park location, as the property is situated in close proximity to the city’s most popular attractions, retail centers, and major employers. Furthermore, 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. This excellent positioning surrounds the property with employment and housing drivers as residents are within walking distance of Buena Park’s top employers as well as a plethora of shops, restaurants, and entertainment venues.
MLS® ID:
OC22209343
Listed:
9/25/22
Updated:
3/25/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.89 acres lot
Lot Details
Level, Street Level
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
Association Amenities
Curbs, Sidewalks
Garage
No
Parking
42
Parking Total
42.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/25/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/25/23 at 1:17 AM UTC

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