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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 9,500,000
Est. payment /mo
Active
7531 Knott Avenue Buena Park, CA 90620
20,784 SqFt
UPDATED:
11/21/2024 08:43 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,784 sqft
Price per Sqft $457
MLS Listing ID CROC24123564
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1973
Lot Size 0.890 Acres
Property Description
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, 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. Buena Park’s strong rental metrics including a 2023 vacancy rate of just 2.2 percent and year-over-year rent growth of 4.2 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 25.8 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 empl
Location
State CA
County Orange
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Level
Water Public
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