Residential Income Property with
8233 Gregory, Buena Park, CA 90621
For Sale
$749,000
A townhome with vaulted ceilings, a separate family room, and an enclosed patio is configured for substantial renovation.
Property Size1,420 SF
Price / SF$527.46
Days on Market19
Property Features for 8233 Gregory
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Amenities
swimming pools
parks
clubhouse
Building Details
Year Built
Listing Agency:
The CB Group
Listed By:
Carla Broffman
(714) 396-0620
Source:
Viewsandiegohouses
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 9:09PM
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 The CB Group
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Investment Insights
Based on property information with market context.
This 1,420-square-foot townhome, built in 1966, has two bedrooms and two bathrooms and requires a full renovation. The living and dining areas have vaulted ceilings, and a separate family room sits off the kitchen. The second bedroom is currently arranged as an open loft. An enclosed patio and attached two-car garage complete the property’s layout.
The home is in the Meadowbrook community and falls within the Sunny Hills High School District. Community amenities include swimming pools, parks, and a clubhouse.
The home is in the Meadowbrook community and falls within the Sunny Hills High School District. Community amenities include swimming pools, parks, and a clubhouse.
Key Highlights
- 1,420‑square‑foot townhome with two bedrooms and two bathrooms
- Full renovation needed
- Vaulted ceilings in the living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,104
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,080
$542.1K
Cap Rate 7%
$387,200
$387.2K
Cap Rate 9%
$301,156
$301.2K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$51.1K $36.00/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$49.3K $34.70/SF
− OpEx
−$22.2K −$15.62/SF
NOI
$27.1K $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 Rate 5%
$542,080
Cap Rate 7%
$387,200
Cap Rate 9%
$301,156
Alternative Uses
Best Use
Apartment 5plus
$387.2K
$338.8K – $451.7K
NOI $27,104 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,386 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
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Business Placement
Demographics for 90621, CA
36,972
Population
11,244
Households
3.3
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
4.2 sq mi
ZIP Area
8,803
Density / Sq Mi
$94,679
Median Household Income
$43,063
Median Earnings
$2,061
Median Rent
$734,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Orange County, CA
Properties on Market for Residential income properties in Orange County
Frequently Asked Questions
What type of property is this?
Residential income property - A townhome with vaulted ceilings, a separate family room, and an enclosed patio is configured for substantial renovation.
Where is this residential income property located?
The property is located at 8233 Gregory Buena Park, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,420‑square‑foot townhome with two bedrooms and two bathrooms; Full renovation needed; Vaulted ceilings in the living and dining areas
