7531 Knott Avenue

For Sale

7531 Knott Avenue, Buena Park, CA 90620

This Buena Park property for sale is located at 7531 Knott Avenue. The current listed sale price for 7531 Knott Avenue is $9,500,000. 7531 Knott Avenue is situated on a lot that is 0.89 acre in size.

Contacts

broker

Tyler Leeson

The Leeson Group Marcus & Millichap

Property Details

  • Property Type Multi-Family
  • Property Size 20,784 SF
  • Units 24
  • Lot Size 0.89 Acre
  • Additional Rent Contact for pricing
  • Year Built 1973
  • Date Updated Jul 15, 2024
N/AThe Leeson Group of 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 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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Highlights

  • Attractive Unit Mix: 90+ Percent Two-Bedroom Floor Plans
  • All Units Feature a Den, a Highly Desirable Amenity for Renters
  • Value-Add Opportunity: Substantial Rental Upside Achievable Through Unit Renovations
  • Attractive Amenity Package Including Patios, Balconies, Surface & Carport Parking, & an On-Site Laundry Facility
  • Premier Buena Park Location Near Knott’s Berry Farm
  • In Close Proximity to Buena Park’s Largest Employers
  • Convenient Access to State Route 91, Interstate 5, & Beach Boulevard
  • Situated Near Village at Buena Park, a Major Redevelopment Adjacent to Buena Park Downtown

Getting around

  • 68/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Buena Park, CA
  • Neighborhood Buena Park
  • Zip Code 90620
  • Market Orange County

Points of Interest

  • Calico Station

    0.88 miles

  • Camp Snoopy Depot

    0.93 miles

  • Buena Park

    2.05 miles

  • Norwalk/Santa Fe Springs

    5.17 miles

  • New Orleans Square Station

    5.92 miles

  • Fantasyland Station

    5.97 miles

  • Mickey's Toontown Depot

    5.97 miles

  • The Hub

    6.03 miles

  • Main Street Station

    6.11 miles

  • Buena Vista Street Stop

    6.15 miles

  • USA Gasoline

    0.65 miles

  • Chevron

    0.86 miles

  • Mobil

    1.00 miles

  • E-Z Gas

    1.02 miles

  • Tesla Supercharger

    1.04 miles

  • 76

    1.51 miles

  • Arco

    1.55 miles

  • 76 Gas Station and snack bar

    1.58 miles

  • ChargePoint

    2.74 miles

  • Electrify America

    2.94 miles

  • Western Parking

    0.73 miles

  • North Parking Lot

    0.73 miles

  • Knott's Employee Parking Lot

    0.81 miles

  • Knott's South Parking Lot

    1.09 miles

  • Knott's Berry Farm Main Parking Lot

    1.10 miles

  • California Market Place Parking

    1.17 miles

  • Knott's Grand Parking Lot

    1.20 miles

  • Faculty Lot

    1.70 miles

  • Lot 6

    1.71 miles

  • Restricted Access Lot

    1.75 miles

  • Good Nite Inn

    0.35 miles

  • Howard Johnson by Wyndham Buena Park

    0.48 miles

  • Courtyard Anaheim Buena Park

    0.72 miles

  • Quality Inn & Suites Buena Park Anaheim

    0.73 miles

  • The Buena Park Hotel & Suites

    0.74 miles

  • Days Inn

    0.75 miles

  • Radisson

    0.87 miles

  • DoubleTree Buena Park

    0.89 miles

  • Rodeway Inn Near Maingate Knott's

    0.91 miles

  • Fairfield Inn & Suites Anaheim North/Buena Park

    0.96 miles

  • Target

    0.62 miles

  • Stater Bros.

    0.73 miles

  • The Source

    0.93 miles

  • Kohl's

    1.26 miles

  • ALDI

    1.39 miles

  • Northgate Market

    1.40 miles

  • Ross

    1.42 miles

  • Walmart

    1.56 miles

  • Living Spaces

    1.59 miles

  • Albertsons

    1.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tyler Leeson

The Leeson Group Marcus & Millichap