$9,500,000
20,784 Sqft
38,768 Sqft

7531 Knott Avenue, Buena Park Ca 90620

  • Commercial Sale Property Type
  • 214 Days Days On Market
  • 1973 Year Built
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

Basic Details
Commercial Sale
Other
For Sale
CROC24123564
$9,500,000
214
20,784 Sqft
1973
38,768 Sqft
0.89 Acre
Active
Features
Public Sewer
: Community Facility
: Level
Address Map
CA
Orange
Buena Park
90620
Knott Avenue
7531
W119° 59' 17.9''
Cross Streets of Knott Avenue &
Additional Info
Marcus & Millichap RE Invest
Tyler Leeson
tleeson@marcusmillichap.com
Active
Public
For Sale
Price History
01/01/1970
06/17/2024
$9,500,000
$0
Additional Information
20784
Listing Information
2024-11-21T01:43:50Z
BayEast
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