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$9,500,000
189 Days On Site

7531 Knott Avenue
Buena Park, CA 90620

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
20,784
SqFt
$457
/SqFt
1973
Built
Subdivision:
Other
County:
Orange
Listed by Tyler Leeson of Marcus & Millichap RE Invest [email protected]

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7531 Knott Avenue7531 Knott Avenue7531 Knott Avenue7531 Knott Avenue
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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.

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Listing Snapshot
Price 
$9,500,000
Days On Site 
189 Days
Bedrooms 
N/A
Inside Area (SqFt) 
20,784 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.89 Acres
Year Built 
1973
MLS® Number 
OC24123564
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 months agoStatus changed to Active
6 months agoListing updated with changes from the MLS®
6 months agoListing first seen on site
General Features
Acres 
0.89
Carport 
24
Number Of Stories 
2
Parking Spaces 
42
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
20784
Stories 
Two
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Building Access 
First level
Community Features 
CurbsSidewalks
Financing Terms Available 
Cash1031 Exchange
MLS Area 
82 - Buena Park


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. The 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.

Neighborhood & Commute
Source: Walkscore
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