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Listed by Mark Bridge • Mark Bridge, Broker
$ 10,200,000
Est. payment | /mo
25,484 SqFt
$ 10,200,000
Est. payment | /mo
25,484 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,484 sqft
Price per Sqft $400
MLS Listing ID CROC25044421
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1972
Lot Size 0.410 Acres
Property Sub-Type Other
Property Description
Under 12 GRM! 5.84% Current CAP! 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 Bu
Location
State CA
County Orange
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
Water Public
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