6041 Fullerton AveBuena Park, CA 90621

This exceptional 12-unit apartment building, located at 6041 Fullerton Avenue in Buena Park, California, presents a compelling investment opportunity. The property boasts 10,388 square feet of net rentable space, spread across a two-story building constructed in 1968 on a 0.43-acre lot. The units are a desirable mix of one and two-bedroom apartments, each averaging over 850 square feet and featuring vinyl and tile flooring, quartz countertops, and ceiling fans. Residents enjoy amenities such as security doors, a common area front yard, on-site laundry facilities, and ample parking, including carport and surface parking. Recent improvements include the completion of SB-721 balcony repair work and a roof replacement. The property's strong financial performance is highlighted by a current NOI of $199,231 and a pro-forma NOI of $261,389, translating to a current cap rate of 4.69% and a pro-forma cap rate of 6.15%. The asking price is $4,250,000, representing a price per unit of $354,167 and a price per square foot of $409.13. Its prime location, less than a mile from a bustling retail corridor and The Source OC shopping mall, and convenient access to Interstate 5 and State Route 91, provides residents with easy access to major employment centers and a wide array of retail, dining, and entertainment options. The property's proximity to Knott's Berry Farm, a major employer, further enhances its appeal. The Buena Park submarket demonstrates strong performance, with high occupancy rates and significant year-over-year rent growth, making this a highly attractive investment. Drive-by only