7051 9TH STREET, BUENA PARK CA 90621
- 25,484 sq.ft.
- 17,860 sq.ft. lot
Property Description
Under 12 GRM! 5.84% Current CAP! 星空体育(中国)官方网站 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, 星空体育(中国)官方网站 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. 星空体育(中国)官方网站y 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. 星空体育(中国)官方网站 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. 星空体育(中国)官方网站re is also a potential on two of the buildings to create 14 backyards. 星空体育(中国)官方网站 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. 星空体育(中国)官方网站y are just a block from Buena Park Jr High School, Stater Bros, Target, 星空体育(中国)官方网站 Source OC Shopping Mall, and Shops at Buena Park Shopping Mall. Just over a mile is Knott鈥檚 Berry Farm, Knott鈥檚 Soak City, and Buena Park鈥檚 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 星空体育(中国)官方网站 Knott Townhouses.
Listing Courtesy of Mark Bridge, Mark Bridge, Broker
Interior Features
Exterior Features
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