7531 Knott Avenue, Buena Park, CA

$10,250,000

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0.89

Acres

About 7531 Knott Avenue

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.

Features of 7531 Knott Avenue

MLS® # OC22209343
Price $10,250,000
Bathrooms 0.00
Acres 0.89
Year Built 1973
Type Residential Income
Status Active

Community Information

Address 7531 Knott Avenue
Area 699 - Not Defined
City Buena Park
County Orange
State CA
Zip Code 90620

Amenities

Parking Spaces 42
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description Level, Street Level

Additional Information

Date Listed September 26th, 2022
Days on Market 70
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentTyler Leeson
OfficeMarcus & Millichap RE Invest

Listing Map

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