7051 9th Street, Buena Park, CA 90621
  • MLS#: OC25044421 ( Commercial/Residential )
  • Street Address: 7051 9th Street
  • Viewed: 3
  • Price: $10,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1972
  • Bldg sqft: 0
  • Days On Market: 11
  • Additional Information
  • County: ORANGE
  • City: Buena Park
  • Zipcode: 90621
  • Subdivision: Other (othr)
  • Provided by: Mark Bridge, Broker
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 Knotts Berry Farm, Knotts Soak City, and Buena Parks 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.
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Features
Appliances
  1. Disposal
  2. Gas Oven
  3. Gas Range
  4. Gas Cooktop
  5. Range Hood
Building Area Total
  1. 25484.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Electric Expense
  1. 5206.00
Entry Location
  1. First
Foundation Details
  1. Slab
Fuel Expense
  1. 16688.00
Garage Spaces
  1. 26.00
Gardner Expense
  1. 4800.00
Have
  1. 28 Units | Turn Key | Upside in Rents
Heating
  1. Natural Gas
  2. Wall Furnace
Insurance Expense
  1. 11637.00
Interior Features
  1. Ceiling Fan(s)
  2. Copper Plumbing Partial
  3. Quartz Counters
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 3000.00
Lockboxtype
  1. None
Lot Features
  1. 26-30 Units/Acre
Netoperatingincome
  1. 575048.00
Newtaxesexpense
  1. 117292.00
Number Of Separate Electric Meters
  1. 29
Number Of Separate Gas Meters
  1. 29
Number Wallac
  1. 28
Number With Disposal
  1. 28
Number With Range
  1. 28
Otherexpense
  1. 27600.00
Otherexpensedescription
  1. On-Site
Parcel Number
  1. 27623142
Parking Features
  1. Assigned
  2. Paved
Pest Control Expense
  1. 2400.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 32554.00
Property Type
  1. Commercial/Residential
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Mansard
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 433148996:CRM
Subdivision Name Other
  1. Buena Park
Suppliesexpense
  1. 3000.00
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
  4. Parking Fee
Totalexpenses
  1. 255179.00
Trash Expense
  1. 11983.00
Uncovered Spaces
  1. 30.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 25185
Water Sewer Expense
  1. 8019.00
Water Source
  1. Public
Year Built
  1. 1972
Year Built Source
  1. Assessor