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Multifamily

Casa Andini

7531 Knott Ave, Buena Park, CA 90620

Listing Price: $10,250,000

Cap Rate
3.09%
Number of Units
24
Price/Unit
$427,083
Price/Gross SF
$493.17
Gross SF
20,784

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Casa Andini, 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 2021 vacancy rate of just 0.6 percent and year-over-year rent growth of 9.2 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 34.8 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.

Investment Highlights

  • 92 Percent Two-Bedroom Floor Plans
  • All Units Feature a Den
  • Value-Add Opportunity: Substantial Submarket Rental Growth
  • Patios & Balconies | On-Site Laundry | Surface & Carport Parking
  • Premier Location Near Knott's Berry Farm
  • In Close Proximity to Buena Park's Largest Employers

Exclusively Listed By

Financing By

Multifamily

Casa Andini

Listing Price: $10,250,000

Cap Rate
3.09%
Number of Units
24
Price/Unit
$427,083
Price/Gross SF
$493.17
Gross SF
20,784

Investment Highlights

  • 92 Percent Two-Bedroom Floor Plans
  • All Units Feature a Den
  • Value-Add Opportunity: Substantial Submarket Rental Growth
  • Patios & Balconies | On-Site Laundry | Surface & Carport Parking
  • Premier Location Near Knott's Berry Farm
  • In Close Proximity to Buena Park's Largest Employers

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Casa Andini, 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 2021 vacancy rate of just 0.6 percent and year-over-year rent growth of 9.2 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 34.8 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.

Exclusively Listed By

Financing By

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