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7531 Knott Avenue, Buena Park, CA 90620
Priced at Only: $9,500,000
For more Information Call
Mobile: 714.478.6676
Address: 7531 Knott Avenue, Buena Park, CA 90620
Property Photos
Property Location and Similar Properties
- MLS#: OC24123564 ( Apartment )
- Street Address: 7531 Knott Avenue
- Viewed: 20
- Price: $9,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 0
- Days On Market: 192
- Additional Information
- County: ORANGE
- City: Buena Park
- Zipcode: 90620
- Subdivision: Other (othr)
- Provided by: Marcus & Millichap RE Invest
- Contact: Tyler Tyler
- DMCA Notice
-
DescriptionCasa 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 propertys amenities including surface, tuck under, and carport parking, gated access, private patios or balconies, and on site laundry. Buena Parks 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 citys most popular attractions, retail centers, and major employers. Furthermore, Casa Andini is within 0.5 miles of Yamaha Corporation of Americas 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 Parks top employers as well as a plethora of shops, restaurants, and entertainment venues. Given the propertys 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.
Features
Association Fee
- 0.00
Building Area Total
- 20784.00
Carport Spaces
- 24.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Country
- US
Days On Market
- 183
Electric Expense
- 10462.00
Entry Location
- First level
Fuel Expense
- 10462.00
Garage Spaces
- 0.00
Insurance Expense
- 16793.00
Laundry Features
- Community
Levels
- Two
Lot Features
- Level with Street
Netoperatingincome
- 396332.00
Newtaxesexpense
- 104693.00
Number Of Separate Electric Meters
- 24
Number Of Separate Gas Meters
- 24
Otherexpense
- 48724.00
Otherexpensedescription
- Misc
Otherincome1
- 36537.00
Otherincomedescription
- Misc
Parcel Number
- 26349110
Pool Features
- None
Postalcodeplus4
- 1772
Professionalmanagementexpense
- 22588.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 417146681:CRM
Subdivision Name Other
- Other
Totalexpenses
- 249048.00
Trash Expense
- 10462.00
Uncovered Spaces
- 18.00
Vacancyallowance
- 18830
Views
- 20
Water Sewer Expense
- 10464.00
Water Source
- Public
Year Built
- 1973
Year Built Source
- Assessor
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com