7531 Knott AveBuena Park, CA 90620

Property Details for 7531 Knott Ave

Year built

1973

Lot size

0.89 AC

Property size (Sq ft)

20,784 SF

Property type

Apartment buildings

Description

Casa Andini, a 24-unit apartment building in Buena Park, CA, presents a compelling investment opportunity. This fee-simple property boasts 20,784 square feet across four, two-story buildings situated on a 0.89-acre lot (APN 263-491-10). Built in 1973, the property features a mix of one and two-bedroom units, each including a den – a highly desirable amenity. Residents enjoy amenities such as surface, tuck-under, and carport parking, gated access, private patios or balconies, and on-site laundry facilities. The property's current NOI is $396,332, with a pro-forma NOI of $547,791, representing a potential 25.8% increase in rental income. The asking price is $9,500,000, translating to $395,833 per unit and a current cap rate of 4.17%, with a pro-forma cap rate of 5.77%. Its prime location near Knott's Berry Farm, major employers including Yamaha Corporation of America, and convenient access to freeways (SR-91, I-5, and Beach Boulevard) and the Village at Buena Park redevelopment project, positions this property for strong long-term returns. The property is conveniently located near shopping, dining, and entertainment options. Drive-by only

Location Insight

City

Buena Park

County

Orange

State

California

Latitude

33.8534

Longitude

-118.011

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