7531 Knott Avenue

Buena Park, CA 90620

  • 0 Bed(s)
  • 0 Bath(s)
  • 20,784 Sqft
  • 38768.4
    Sqft(Lot)
$9,500,000

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 employers as well as a plethora of shops, restaurants, and entertainment venues. 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.

  • Property Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    46110078

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1973
    • Building Area Total: 20,784

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.89
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 38768.4

  • Listing Price Information

    • Original List Price: 9,500,000
    • Listing Contract Date: 2024-06-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 26349110

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 82 - Buena Park
    • Postal Code Plus 4: 1772
    • Directions: Cross Streets of Knott Avenue & Houston Street
    • Source Property Type: Residential Income
    • Area: 82 - Buena Park
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 51
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: First level
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/23/2024 @ 08:33

  • MLS: OC24123564
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 20,784 sqft, 38,768 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Buena Park , in zip code 90620, this Orange County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.