7531 Knott Avenue
Buena Park, CA 90620
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1973 build
- – on site
Casa Andini is 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.
Last checked:
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Last updated Oct 25, 2024
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MLS# OC24123564 —
The Building
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Year Built:1973
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:20784.00
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Building Area Units:Square Feet
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# of Buildings:4
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Total Number Of Units:24
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Stories Total:2
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# of Separate Gas Meters:24
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# of Separate Water Meters:1
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# of Separate Electric Meters:24
Interior
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Levels:Two
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Entry Location:First level
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Laundry:Community
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Laundry:1
Location
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Directions:Cross Streets of Knott Avenue & Houston Street
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Latitude:33.85350200
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Longitude:-118.01170800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Level with Street
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Lot Size Area:0.8900
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Lot Size Acres:0.8900
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Lot Size SqFt:38768.40
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1103.02
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Tax Tract:280
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Tax Lot:85
The Listing
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Special Listing Conditions:Standard
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Parcel Number:26349110
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Other
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Senior Community:No
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Features:Curbs, Gutters, Sidewalks
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Pool:None
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Private Pool:No
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Association:No
Parking
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Parking Spaces:42.00
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Uncovered Spaces:18.00
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Carport Spaces:24.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/17/24
Jun 17, 2024
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Listed / Active | CRMLS_CA | $9,500,000 | 29.3% (7.1% / YR) |
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9/26/22
Sep 26, 2022
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Listed / Active | CRMLS_CA | ||
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5/8/20
May 8, 2020
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CRMLS_CA | $7,350,000 | -2.0% |
