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$10,200,000

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0.41 Acres Lot

New

7051 9th ST Buena Park, CA 90621

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Cole & Monica Mitchell

cole@mitchellteam.net +1(818) 875-7561

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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

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 16688.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Mark Bridge • Mark Bridge, Broker • Mark.Bridge@matthews.com

Cole & Monica Mitchell

+1(818) 875-7561 | cole@mitchellteam.net

7051 9th ST Buena Park, CA 90621

Cole & Monica Mitchell

Key Details

Location

Interior

Exterior

Building

Others

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7051 9th ST