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Listed by Mark Bridge • Mark Bridge, Broker

$10,200,000

Est. payment - /mo

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25,484 SqFt

Active

7051 9th Street Buena Park, CA 90621

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Camille Marsh

camille@marshcalhomes.com +1(805) 387-2350

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Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 25,484 sqft

Price per Sqft $400

MLS Listing ID OC-25044421

Year Built 1972

Lot Size 0.410 Acres

Property Sub-Type Commercial/Residential

Property Description

Under 12 GRM! 5.84% Current CAP! The Knott Townhouses are 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.

Location

State CA

County Orange

Area 82 - Buena Park

Interior

Interior Features Copper Plumbing Partial, Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Laundry Common Area

Exterior

Parking Features Paved, Assigned

Garage Spaces 26.0

Pool None

Community Features Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

Building

Lot Description 26-30 Units/Acre

Sewer Public Sewer

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Camille Marsh

Broker Associate | License ID: 01277020

+1(805) 387-2350

7051 9th Street Buena Park, CA 90621

Camille Marsh

Key Details

Location

Interior

Exterior

Building

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7051 9th Street