7051 9th St - Apartments FOR SALE


Buena Park, CA 90621
$10,600,000 USD
949-681-8388
7051 9th St, Buena Park, CA for Sale
$10,600,000 USD
Apartments - FOR SALE
1/17
null | 5.37% Cap Rate

7051 9th St
Buena Park, CA 90621


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, Separately Metered for Gas and Electric, and Some Vaulted Ceilings
  • Nicely Landscaped, Gated Vehicle and Pedestrian Access, and Appealing Center Courtyard
  • One Block from Buena Park Jr. High, Stater Bros, Target, and The Source OC Shopping Mall
  • Just Over two mile to Los Coyotes Country Club & Shopping Center, and Buena Park High School

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,600,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

28

PRICE/UNIT

$378,571

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE KNOTT TOWNHOUSES

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

Multifamily

APN/PARCEL ID

276-231-42

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.