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Listed by Mark Bridge • Mark Bridge, Broker
$10,200,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25044421
Originating Board California Regional MLS
Year Built 1972
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
Location
State CA
County Orange
Area 82 - Buena Park
Rooms
Kitchen Garbage Disposal, Hood Over Range, Other, Oven Range - Gas, Oven - Gas
Interior
Heating Gas, Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces, Other
Garage Spaces 56.0
Pool None
Roof Type Mansard
Building
Foundation Concrete Slab
Water District - Public
Others
Tax ID 27623142
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033