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Buena Park,CA 90621
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Buena Park
MLS Listing ID OC25044421
HOA Y/N No
Year Built 1972
Lot Size 0.410 Acres
Property Sub-Type Mixed Use
Property Description
Under 12 GRM! 5.84% Current CAP! 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.
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 The Knott Townhouses.
Location
State CA
County Orange
Area 82 - Buena Park
Interior
Interior Features Ceiling Fan(s),Quartz Counters
Heating Natural Gas,Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Gas Cooktop,Disposal,Gas Oven,Gas Range,Range Hood
Laundry Common Area
Exterior
Parking Features Assigned,Paved
Garage Spaces 26.0
Garage Description 26.0
Pool None
Community Features Gutter(s),Storm Drain(s),Street Lights,Suburban,Sidewalks
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Roof Type Mansard
Total Parking Spaces 56
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 27623142
Energy Description 13963.0
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard