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UPDATED:
11/20/2024 11:59 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24123564
Originating Board California Regional MLS
Year Built 1973
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 employers as w
Location
State CA
County Orange
Area 82 - Buena Park
Interior
Laundry Community Facility
Exterior
Garage Spaces 42.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 26349110
Special Listing Condition Not Applicable
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Listed by Tyler Leeson • Marcus & Millichap RE Invest
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Sharad Gupta
Broker | License ID: 02213637
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