7531 Knott Avenue

Description

Casa Andini is 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, 1 bed / 1 bath units and 22, 2 bed / 1.5 bath units, each with a den. Residents enjoy the propertys amenities including surface, tuck-under, and carport parking, gated access, private patios or balconies, and on-site laundry. Buena Parks strong rental metrics, including a 2021 vacancy rate of just 0.6 percent and year-over-year rent growth of 9.2 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 34.8 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 citys most popular attractions, retail centers, and major employers. Furthermore, Casa Andini is within 0.5 miles of Yamaha Corporation of Americas 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 Parks top employers as well as a plethora of shops, restaurants, and entertainment venues.