Current Use by Public Records
- Knottwood Apartments / Apartment Complex
Property Details for 7531 Knott Ave
- Year built
- 1973
- Lot size
- 0.89 lot acres
- Property type
- Apartment buildings
Description
Casa Andini, a 24-unit apartment building in Buena Park, CA, presents a compelling investment opportunity. This fee-simple property boasts 20,784 square feet across four, two-story buildings situated on a 0.89-acre lot (APN 263-491-10). Built in 1973, the property features a mix of one and two-bedroom units, each including a den – a highly desirable amenity. Residents enjoy amenities such as surface, tuck-under, and carport parking, gated access, private patios or balconies, and on-site laundry facilities. The property's current NOI is $396,332, with a pro-forma NOI of $547,791, representing a potential 25.8% increase in rental income. The asking price is $9,500,000, translating to $395,833 per unit and a current cap rate of 4.17%, with a pro-forma cap rate of 5.77%. Its prime location near Knott's Berry Farm, major employers including Yamaha Corporation of America, and convenient access to freeways (SR-91, I-5, and Beach Boulevard) and the Village at Buena Park redevelopment project, positions this property for strong long-term returns. The property is conveniently located near shopping, dining, and entertainment options. Drive-by only
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buena Park
- County
- Orange
- State
- California
- Longitude
- -118.011
- Latitude
- 33.8534
