Updated Income Property in Buena
For Sale
$1,650,000
7581 Fillmore, Buena Park, CA 90620
Income-producing property in prime Buena Park location, near Knott’s Berry Farm.
Property Size3,100 SF
Days on Market149
Property Features for 7581 Fillmore
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Quadruplex
Building Details
Building Size
3,100 SF
Year Built
1962
Listing Agency:
Won Suk Kim Real Estate, Inc.
Listed By:
Ixbalanque Garcia · License #02035537
(562) 474-1722
Source:
Altamirarealty
Added: Apr 8
Changed: Aug 28
Last Checked: Sep 2 at 12:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Won Suk Kim Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in Buena Park, the income property at 7581 Fillmore is positioned near Knott’s Berry Farm. The property has been recently updated and offers a cap rate of 5.05%. It is located near attractions, shopping, dining, and freeways. The property is located in a sought-after rental market. The bike score is 56, making it bikeable. The walk score is 66, indicating it is somewhat walkable, and the transit score is 39, suggesting some transit options are available.
Key Highlights
- High Income Potential: Solid 5.05% cap rate with strong rental demand.
- Prime Buena Park Location: Minutes from Knott's Berry Farm and major attractions.
- Turnkey Investment: Recently updated, clean, and low‑maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,183,400
$1.2M
Cap Rate 7%
$845,286
$845.3K
Cap Rate 9%
$657,444
$657.4K
Market Conditions
NOI Build-Up for 3,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.6K $36.00/SF
− Vacancy
−$4.0K −$1.30/SF
EGI
$107.6K $34.70/SF
− OpEx
−$48.4K −$15.62/SF
NOI
$59.2K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,183,400
Cap Rate 7%
$845,286
Cap Rate 9%
$657,444
Alternative Uses
Best Use
Apartment 5plus
$845.3K
$739.6K – $986.2K
NOI $59,170 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.1K – $1.21M
NOI $72,886 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 90620, CA
46,564
Population
13,579
Households
3.4
Avg Household Size
40
Median Age
33%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
7,276
Density / Sq Mi
$122,582
Median Household Income
$49,523
Median Earnings
$2,263
Median Rent
$782,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Income-producing property in prime Buena Park location, near Knott’s Berry Farm.
Where is this residential income property located?
The property is located at 7581 Fillmore Buena Park, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High Income Potential: Solid 5.05% cap rate with strong rental demand.; Prime Buena Park Location: Minutes from Knott's Berry Farm and major attractions.; Turnkey Investment: Recently updated, clean, and low‑maintenance.
