7051 9 Th St, Home with 0 bedrooms, 0 bathrooms and 56 parking in Buena Park CA | Image 1

$10,200,000

7051 9 Th St, Buena Park, CA

Name: 7051 9 Th St, For Sale in Buena Park - eXp Commercial Brokerage
Brand: Mark Bridge, Broker
SKU: OC25044421
Price: 10200000 CAD

Real Estate

For Sale

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0056

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size -

Garage Yes

Maintenance Fees $14,000

Taxes

Days Active 93

Approx. Age 1972

MLS® Number OC25044421

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® NumberOC25044421

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area

Exposure

Exterior

GarageYes

Approx. Age1972

Stories2

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatNatural Gas, Wall Furnace

A/CWall Window Units

Heating Fuel

Extras

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