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$9,500,000
23 Days Online

7531 Knott Avenue
Buena Park, CA 90620

For Sale|Multi-Family|Active
Subdivision:
,Other
County:
Orange
Listed by Tyler Leeson of Marcus & Millichap RE Invest 714-713-9086
Call Now: 949.375.4430
Is this the home for you? We can help make it yours.
949.375.4430
7531 Knott Avenue7531 Knott Avenue7531 Knott Avenue7531 Knott Avenue
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Casa Andini is a 24-unit multifamily investment property located at 7531 Knott Avenue in Buena Park, CA. Situated on a 0.89-acre lot, Casa Andini offers 2, one-bedroom units and 22, two-bedroom units, each with a den. Residents enjoy the property’s amenities including surface, tuck-under, and carport parking, gated access, private patios or balconies, and on-site laundry. Buena Park’s strong rental metrics including a 2023 vacancy rate of just 2.2 percent and year-over-year rent growth of 4.2 percent are evidence of the substantial demand for rental units in the area. With current rents below market rates, Casa Andini represents an attractive value-add opportunity for a new owner to potentially achieve a substantial 25.8 percent increase in rental income. Casa Andini offers its residents an unparalleled Buena Park location, as the property is situated in close proximity to the city’s most popular attractions, retail centers, and major employers. Furthermore, Casa Andini is within 0.5 miles of Yamaha Corporation of America’s headquarters, a premier employer in the city as well as the site of a major redevelopment project. This excellent positioning surrounds the property with employment and housing drivers as residents are within walking distance of Buena Park’s top employers as well as a plethora of shops, restaurants, and entertainment venues. Given the property’s fantastic unit mix and attractive amenities as well as its unmatched location, Casa Andini is well suited to provide investors with strong returns over the long-term investment horizon.

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Listing Snapshot
Price 
$9,500,000
Days Online 
23 Days
Bedrooms 
N/A
Inside Area (SqFt) 
20,784 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.89 Acres
Year Built 
1973
MLS® Number 
OC24123564
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
3 weeks agoListing first seen online
General Features
Parking Spaces 
42
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.89
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
0
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Lot 
Street Level
Community Features
Association Dues 
0
Community Features 
CurbsGuttersSidewalks
Senior Community 
No
MLS Area 
82 - Buena Park


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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