For Sale $9,500,000
Property Type Multi-Family
Property Size 20,784 SF
Units 24
Lot Size 0.89 Acre
Additional Rent Contact for pricing
Year Built 1973
Date Updated Jul 15, 2024

N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Casa Andini, 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.

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Highlights

Situated Near Village at Buena Park, a Major Redevelopment Adjacent to Buena Park Downtown
Convenient Access to State Route 91, Interstate 5, & Beach Boulevard
In Close Proximity to Buena Park’s Largest Employers
Premier Buena Park Location Near Knott’s Berry Farm
Attractive Amenity Package Including Patios, Balconies, Surface & Carport Parking, & an On-Site Laundry Facility
Value-Add Opportunity: Substantial Rental Upside Achievable Through Unit Renovations
All Units Feature a Den, a Highly Desirable Amenity for Renters
Attractive Unit Mix: 90+ Percent Two-Bedroom Floor Plans

Contacts

Tyler Leeson

The Leeson Group Marcus & Millichap

Location

Getting Around

Walk Score ®
68/100 Somewhat Walkable
Transit Score ®
36/100 Some Transit
Bike Score ®
59/100 Bikeable

Map
Street

City Buena Park, CA
Zip Code 90620
Market Orange County

Points of Interest

Calico Station

0.88 miles
Camp Snoopy Depot

0.93 miles
Buena Park

2.05 miles
Norwalk/Santa Fe Springs

5.17 miles
New Orleans Square Station

5.92 miles
Fantasyland Station

5.97 miles
Mickey's Toontown Depot

5.97 miles
The Hub

6.03 miles
Main Street Station

6.11 miles
Buena Vista Street Stop

6.15 miles

USA Gasoline

0.65 miles
Chevron

0.86 miles
Mobil

1.00 miles
E-Z Gas

1.02 miles
Tesla Supercharger

1.04 miles
76

1.51 miles
Arco

1.55 miles
76 Gas Station and snack bar

1.58 miles
ChargePoint

2.74 miles
Electrify America

2.94 miles

Western Parking

0.73 miles
North Parking Lot

0.73 miles
Knott's Employee Parking Lot

0.81 miles
Knott's South Parking Lot

1.09 miles
Knott's Berry Farm Main Parking Lot

1.10 miles
California Market Place Parking

1.17 miles
Knott's Grand Parking Lot

1.20 miles
Faculty Lot

1.70 miles
Lot 6

1.71 miles
Restricted Access Lot

1.75 miles

Good Nite Inn

0.35 miles
Howard Johnson by Wyndham Buena Park

0.48 miles
Courtyard Anaheim Buena Park

0.72 miles
Quality Inn & Suites Buena Park Anaheim

0.73 miles
The Buena Park Hotel & Suites

0.74 miles
Days Inn

0.75 miles
Radisson

0.87 miles
DoubleTree Buena Park

0.89 miles
Rodeway Inn Near Maingate Knott's

0.91 miles
Fairfield Inn & Suites Anaheim North/Buena Park

0.96 miles

McDonald's

0.32 miles
Black Bear Diner

0.36 miles
Pauls Place

0.37 miles
Han Yang Restaurant

0.42 miles
Jack in the Box

0.46 miles
Kitakata Ramen Ban Nai

0.68 miles
Wienerschnitzel

0.68 miles
Outback Steakhouse

0.75 miles
Wendy's

0.76 miles
Coaster's Diner

0.76 miles

Hope School

0.35 miles
Gilbert High School-West

0.41 miles
La Palma Junior High School

0.43 miles
Buena Park Junior High School

0.47 miles
Raymond Temple Elementary School

0.52 miles
Arthur F Corey Elementary School

0.57 miles
Walter Knott Elementary School

0.67 miles
Saint Pius V School

0.84 miles
Buena Terra Elementary School

0.85 miles
Grand Avenue School

0.87 miles

Anaheim Kids Academy

1.53 miles
YMCA Child Care

3.17 miles
Eastside Pre-school

5.32 miles
Star Bright Montessori

5.56 miles
Options

5.57 miles
Fullerton College Child Development Program

5.79 miles
Bethany Christian Preschool

6.01 miles
injoy life

6.05 miles
Happy Hippo Preschool

6.60 miles
KinderCare

7.70 miles

Frequently Asked Questions

How much does 7531 Knott Avenue cost?

The space currently listed for sale at 7531 Knott Avenue asks for $9,500,000.

What is the total square footage of 7531 Knott Avenue?

7531 Knott Avenue totals 20,784 square feet.

When was this property built?

7531 Knott Avenue was built in 1973.

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Contact Listing Broker

Tyler Leeson

The Leeson Group Marcus & Millichap

7531 Knott Avenue