7051 9th Street, Buena Park, CA 90621

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 … read more …