6430 Crescent Avenue, Buena Park, CA 90620
  • MLS#: OC25261825 ( Apartment )
  • Street Address: 6430 Crescent Avenue
  • Viewed: 4
  • Price: $3,575,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • County: ORANGE
  • City: Buena Park
  • Zipcode: 90620
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Villa Cresenta is an 11 unit multifamily investment opportunity located at 6430 Crescent Avenue in Buena Park, California. Built in 1962 on a 0.44 acre parcel, the property features a desirable mix of three 1 bed/1 bath units and eight 2 bed/1 bath units, catering to a broad range of tenants. Residents benefit from a spacious common area courtyard, on site laundry, and 11 garage and 4 surface parking spaces, along with security doors and a well maintained environment that supports long term tenant retention. Offered at a 5.33 percent cap rate on current rents and a projected 6.41 percent cap rate on market rents, Villa Cresenta provides investors with strong in place income and meaningful upside through the completion of a comprehensive unit renovation program. Situated on a frontage road running parallel to Crescent Avenue, the property offers a quieter residential setting with excellent accessibility. Residents enjoy walkable access to Heroes Park and San Marino Elementary School, providing strong neighborhood and family oriented appeal. It is also just over half a mile from Cypress College, a key driver of local rental demand, and about one mile from Knotts Berry Farm, a major regional employment center supporting consistent tenant demand. The location is surrounded by retail centers offering daily conveniences and benefits from quick access to Beach Boulevard and State Route 91, providing direct connectivity throughout Orange and Los Angeles Counties. Villa Cresenta represents a rare opportunity to acquire a well located, low density asset in a supply constrained market with immediate cash ?ow and clear value add potential, an ideal addition to any multifamily portfolio.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8729.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 3308.00
Entry Location
  1. First level
Fuel Expense
  1. 3310.00
Garage Spaces
  1. 11.00
Insurance Expense
  1. 8800.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 190395.00
Newtaxesexpense
  1. 40515.00
Number Of Separate Electric Meters
  1. 11
Number Of Separate Gas Meters
  1. 11
Otherincome1
  1. 4845.00
Otherincomedescription
  1. Laundry & Parking
Parcel Number
  1. 26005103
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452209355:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 90574.00
Trash Expense
  1. 3308.00
Uncovered Spaces
  1. 4.00
Vacancyallowance
  1. 8540
Water Sewer Expense
  1. 3308.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor