7051 9th St Buena Park, CA 90621
Estimated payment $63,912/month
Highlights
- 0.41 Acre Lot
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
- Quartz Countertops
- Laundry Room
- Heating System Uses Natural Gas
About This Home
5.91% Current CAP! 11.6 Current GRM! The Knott Townhouses are a rare opportunity to purchase a well maintained garden-style complex with an excellent unit mix at an attractive cap rate. Boasting with all newer roofing and newer copper water lines, The Knott Townhouses are nicely landscaped with charming curb appeal. This twenty-eight-unit multifamily complex has an excellent unit mix of twenty 2-bed 1-bath units, and eight 3-bed 1.5-bath units. They have gated vehicle and pedestrian access, a security camera system, an appealing center courtyard, and two on-site laundry rooms. A sizable 1.41 acre parcel of land allows for the abundant 56 parking spots, which equates to two spots per unit. The mansard roof gives the upper units some vaulted ceilings, and each unit is separately metered for gas and electricity with wall air-conditioning. Current ownership has a feasibility study for two ADUs, which they can share with a Buyer. There is also a potential on two of the buildings to create 14 backyards.
The Knott Townhouses are located right next to George Bellis Park, in between the 91 Freeway, 5 Freeway and Beach Blvd, giving it excellent access to all of Orange County. They are just a block from Buena Park Jr High School, Stater Bros, Target, The Source OC Shopping Mall, and Shops at Buena Park Shopping Mall. Just over a mile is Knott’s Berry Farm, Knott’s Soak City, and Buena Park’s Entertainment Retail. Just over 2 miles is Los Coyotes Country Club, and Los Coyotes Shopping Center, and Buena Park High School, making this location great to access major retail, educational, and employment opportunities.
Given the strength of the overall apartment market within the city of Buena Park, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at The Knott Townhouses.
Listing Agent
Mark Bridge, Broker Brokerage Email: Mark.Bridge@matthews.com License #01316702 Listed on: 04/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 0.41 Acre Lot
- 1 Common Wall
- Density is 26-30 Units/Acre
Parking
- 30 Open Parking Spaces
- 26 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Entry on the 1st floor
- Mansard Roof Shape
- Slab Foundation
- Partial Copper Plumbing
Interior Spaces
- 25,484 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 848
- Assessor Parcel Number 27623142
Community Details
Overview
- 4 Buildings
- 28 Units
Amenities
- Laundry Facilities
Building Details
- 29 Separate Electric Meters
- 29 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,385
- Fuel Expense $13,963
- Gardener Expense $4,800
- Insurance Expense $17,552
- Maintenance Expense $14,000
- Other Expense $28,800
- Pest Control $1,200
- Professional Management Expense $34,824
- Supplies Expense $5,000
- Trash Expense $12,391
- Water Sewer Expense $9,051
- New Taxes Expense $116,212
- Operating Expense $263,178
- Gross Income $886,500
- Net Operating Income $597,204
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Pending | -- | -- | -- |
| 08/06/2025 08/06/25 | Price Changed | $10,100,000 | -1.0% | $396 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $10,200,000 | -- | $400 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25044421
APN: 276-231-42
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