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
Other
Directions Information:
Directions: Cross Streets of Knott Avenue & Houston Street
Price Information
Listing Price Info
Price Summary:
List Price: $9,500,000
What can I afford?
Understand what home price range makes sense for your budget.
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: 11/21/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$47.4K
Per Month
Principal & Interest
$47.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$28.5K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Raymond Temple Elementary School
7800 Holder St
Distance between this listing and this school0.51 miles
Public District Grades KG-6
5
/10
Arthur F. Corey Elementary School
7351 Holder St
Distance between this listing and this school0.56 miles
Public District Grades KG-5
9
/10
Buena Terra Elementary School
8299 Holder St
Distance between this listing and this school0.85 miles
Public District Grades KG-6
Nearby Schools
5
/10
Buena Park Middle School
6931 Orangethorpe Ave
Distance between this listing and this school0.48 miles
Public District Grades 6-8
5
/10
Walker Junior High School
8132 Walker St
Distance between this listing and this school1.61 miles
Public District Grades 7-8
4
/10
Orangeview Junior High School
3715 W Orange Ave
Distance between this listing and this school1.86 miles
Public District Grades 7-8
Nearby Schools
9
/10
Kennedy High School
8281 Walker St
Distance between this listing and this school1.73 miles
Public District Grades 9-12
6
/10
Western High School
501 S Western Ave
Distance between this listing and this school1.96 miles
Public District Grades 9-12
6
/10
Buena Park High School
8833 Academy Dr
Distance between this listing and this school1.98 miles
The neighbors living near this home have an average income of $56,117. The most common annual income of people living in Buena Park, CA is between $35k-100k. Residents typically live in married, with kids family. Most 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.
Which year was this property built?
The year of construction for 7531 Knott Ave is 1973.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
Buena Park, CA housing market in October 2024 saw over 16 listings sold above listed price, more than 3 sold at listed price and over 18 sold below. The inventory of homes for sale in Buena Park, CA between September 2024 and October 2024 increased by 1.7%. While the average time on the market in October 2024 was 26 days, the median list price was $891,000.
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. 
Men's Tennis
Men's Tennis
Live Theatre
Nordstrom Rack
Bloomingdales
Crate & Barrel
The Cheesecake Factory
Boston Market
Starbucks
Volvo
Mercedes
BMW
News
Alternative
Jazz