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THE KNOTT TOWNHOUSES

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Address: 7051 9th St, Buena Park, CA 90621, USA

California & West + Apartment Buildings

Created date: February 7, 2025

Date last updated: February 13, 2025

PRIME LOCATION AND ACCESSIBILITY: The Knott Townhouses are located close to major transportation routes, including the 91 Freeway, 5 Freeway, and Beach Blvd, providing excellent access to Orange County. This convenient location enhances the property’s appeal to potential tenants and investors.
ATTRACTIVE PROPERTY FEATURES: The complex stands out as a rare opportunity with a well-maintained garden-style design, featuring a mix of twenty 2-bed 1-bath units and eight 3-bed 1.5-bath units. The property boasts newer roofing, copper water lines, and a gated entrance for vehicles and pedestrians. The charming curb appeal, security camera system, and an appealing center courtyard contribute to the property’s overall appeal.
INVESTMENT POTENTIAL & EXPANSION POSSIBILITIES: The Knott Townhouses present an attractive investment prospect with a 1.41-acre parcel of land, accommodating 56 parking spots (two per unit). Current ownership has conducted a feasibility study for two Additional Dwelling Units (ADUs), offering the potential for further income generation. Additionally, there is a possibility to create 14 backyards on two buildings, adding value to the property.
EDUCATIONAL & RECREATIONAL AMENITIES: The property is situated just a block from Buena Park Jr High School and near various other educational institutions. Moreover, being adjacent to George Bellis Park and within miles of Knott’s Berry Farm, Knott’s Soak City, Los Coyotes Country Club, and entertainment and retail centers, the location offers residents a wide array of recreational opportunities.
MARKET STRENGTH AND TENANT APPEAL: The Knott Townhouses benefit from the overall robust apartment market in Buena Park. The property’s location, coupled with the demand for well-located apartments, positions it as an attractive option for quality tenants seeking a great neighborhood with easy access to diverse activities, transportation options, and retail amenities. This demand is expected to be a key driver in The Knott Townhouses’ continued growth and success.

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Broker Details

Mark Bridge

Mark Bridge, Broker 949-681-8388 MLS ID: SBRIDMA2 State License Number: 01316702

Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$10,600,000
No. of Units:	28
Cap Rate:	5.37%
GRM /GIM:	12.63
Year Built:	1972
Building Size:	25,484 Sq ft
Opportunity Zone:	No
Price per unit:	$378,571