7051 9Th St, Buena Park, CA 90621
28 Unit Apartment Building | $10,600,000 ($378,571/Unit) | 5.37% Cap Rate | Buena Park, CA 90621
For Sale
Active
Asking Price $10,600,000
- Property Type
-
Multifamily
- Square Feet
- 25,487 SF
Listing Contacts
Mark Bridge
- Property Info
Property Overview
The Bridge Multifamily Team at Cushman & Wakefield is proud to present the Knott Townhouses, a rare opportunity to purchase a well maintained garden-style complex with an excellent unit mix at an attractive cap rate. Boasting with all newer roofing and newer copper water lines, The Knott Townhouses are nicely landscaped with charming curb appeal. This twenty-eight-unit multifamily complex has an excellent unit mix of twenty 2-bed 1-bath units, and eight 3-bed 1.5-bath units. They have gated vehicle and pedestrian access, a security camera system, an appealing center courtyard, and two on-site laundry rooms. A sizable 1.41 acre parcel of land allows for the abundant 56 parking spots, which equates to two spots per unit. The mansard roof gives the
upper units some vaulted ceilings, and each unit is separately metered for gas and electricity with wall air-conditioning. Current ownership has a feasibility study for two ADUs, which they can share with a Buyer. There is also a potential on two of the buildings to create 14 backyards.
The Knott Townhouses are located right next to George Bellis Park, in between the 91 Freeway, 5 Freeway and Beach Blvd, giving it excellent
access to all of Orange County. They are just a block from Buena Park Jr High School, Stater Bros, Target, The Source OC Shopping Mall, and Shops at Buena Park Shopping Mall. Just over a mile is Knott’s Berry Farm, Knott’s Soak City, and Buena Park’s Entertainment Retail. Just over 2 miles is Los Coyotes Country Club, and Los Coyotes Shopping Center, and Buena Park High School, making this location great to access major retail, educational, and employment opportunities.
Given the strength of the overall apartment market within the city of Buena Park, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at The Knott Townhouses.
upper units some vaulted ceilings, and each unit is separately metered for gas and electricity with wall air-conditioning. Current ownership has a feasibility study for two ADUs, which they can share with a Buyer. There is also a potential on two of the buildings to create 14 backyards.
The Knott Townhouses are located right next to George Bellis Park, in between the 91 Freeway, 5 Freeway and Beach Blvd, giving it excellent
access to all of Orange County. They are just a block from Buena Park Jr High School, Stater Bros, Target, The Source OC Shopping Mall, and Shops at Buena Park Shopping Mall. Just over a mile is Knott’s Berry Farm, Knott’s Soak City, and Buena Park’s Entertainment Retail. Just over 2 miles is Los Coyotes Country Club, and Los Coyotes Shopping Center, and Buena Park High School, making this location great to access major retail, educational, and employment opportunities.
Given the strength of the overall apartment market within the city of Buena Park, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at The Knott Townhouses.
Property Details
- Class
- C
- Year Built/Renovated
- 1972/2022
- Stories
- 2
- Lot Size (sq. ft)
- 61,420 SF
- Units
- 28
Highlights
- Stunning Unit Mix: 20 – 2 Bed / 1 Bath, and 8 – 3 Bed / 1.5 Bath, Built in 1972
- Well Maintained, Garden-Style Two-Story Walkup, with Charming Curb Appeal
- Newer Roofs, Newer Copper Plumbing, and Security Camera System, Wall Air-Conditioning, Some Vaulted Ceilings, and Separate Gas & Electric Meters
- Nicely Landscaped, Gated Vehicle & Pedestrian Access, and Appealing Center Courtyard
- 1 Block from Buena Park Jr. High, Stater Bros, Target, and The Source OC Shopping Mall
- Just Over 2 Miles to Los Coyotes Country Club & Shopping Center, and Buena Park High School
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