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$10,250,000
65 Days Online

7531 Knott Avenue
Buena Park, CA 90620

For Sale|Multi-Family|Active
County:
Orange
Listed by Tyler Leeson of Marcus & Millichap RE Invest
Call Now: 949.375.4430
Is this the home for you? We can help make it yours.
949.375.4430
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, 1 bed / 1 bath units and 22, 2 bed / 1.5 bath 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 2021 vacancy rate of just 0.6 percent and year-over-year rent growth of 9.2 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 34.8 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.

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Listing Snapshot
Price 
$10,250,000
Days Online 
65 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 
OC22209343
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Parking Spaces 
42
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.89
Water 
Public
Garage Spaces 
0
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Lot 
LevelStreet Level
Community Features
Community Features 
CurbsSidewalks
Senior Community 
No
MLS Area 
699 - Not Defined


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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