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, 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.
Property Details
Property Features
Property Information:
Year Built: 1973
Stories: 2
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Email: tleeson@marcusmillichap.com
Listing Agent: Tyler Leeson
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.89 Acres
School Info
Assigned Schools Information:
John F. Kennedy High School, Public District Grades 9-12
Walker Junior High School, Public District Grades 7-8
Raymond Temple Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Cross Streets of Knott Avenue & Houston Street
Price Information
Listing Price Info
Price Summary:
List Price: $9,500,000
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Housing Market Comparison
See how this home compares to others in Buena Park, CA.
This property is $8.6M more than the Median Sold Price in Buena Park, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24123564
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Email: tleeson@marcusmillichap.com
Listing Agent: Tyler Leeson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/5/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Raymond Temple Elementary School
7800 Holder St
Distance between this listing and this school0.53 miles
Public District Grades KG-6
Middle School
5
/10
Walker Junior High School
8132 Walker St
Distance between this listing and this school1.59 miles
Public District Grades 7-8
High School
9
/10
John F. Kennedy High School
8281 Walker St
Distance between this listing and this school1.69 miles
Public District Grades 9-12
Assigned Schools
7
/10
Raymond Temple Elementary School
7800 Holder St
Distance between this listing and this school0.53 miles
Public District Grades KG-6
Nearby Schools
5
/10
Arthur F. Corey Elementary School
7351 Holder St
Distance between this listing and this school0.53 miles
Public District Grades KG-6
9
/10
Buena Terra Elementary School
8299 Holder St
Distance between this listing and this school0.86 miles
Public District Grades KG-6
Assigned Schools
5
/10
Walker Junior High School
8132 Walker St
Distance between this listing and this school1.59 miles
Public District Grades 7-8
Nearby Schools
5
/10
Buena Park Junior High School
6931 Orangethorpe Ave
Distance between this listing and this school0.45 miles
Public District Grades 7-8
4
/10
Orangeview Junior High School
3715 W Orange Ave
Distance between this listing and this school1.92 miles
Public District Grades 7-8
Assigned Schools
9
/10
John F. Kennedy High School
8281 Walker St
Distance between this listing and this school1.69 miles
Public District Grades 9-12
Nearby Schools
6
/10
Western High School
501 S Western Ave
Distance between this listing and this school1.89 miles
Public District Grades 9-12
6
/10
Buena Park High School
8833 Academy Dr
Distance between this listing and this school1.90 miles
The neighbors living near this home have an average income of $56,117. Most Buena Park, CA residents have annual incomes between $35k-100k. The most common type of family is married, with kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7531 Knott Ave
What is the listing price of this property?
The listing price of 7531 Knott Ave property is $9,500,000.
What type of property is this?
The property 7531 Knott Ave is a condo located in Buena Park, California, 90620.
Is this property for sale now?
Active Listing: 7531 Knott Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7531 Knott Ave are: Raymond Temple Elementary School: GreatSchools Rating 7/10Walker Junior High School: GreatSchools Rating 5/10John F. Kennedy High School: GreatSchools Rating 9/10
Which year was this property built?
The year of construction for 7531 Knott Ave is 1973.
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This home is located at 7531 Knott Ave in Buena Park, CA and zip code 90620. This home, which was built in 1973, sits on a 0.89 acre lot. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $9,500,000.
In October 2024 more than 16 listings in Buena Park, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 18 were sold below. The number of listings in Buena Park, CA increased by 1.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $891,000, while the average time on the real estate market was 26 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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