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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 3,575,000
Est. payment /mo
Active
6430 Crescent Avenue Buena Park, CA 90620
8,729 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,729 sqft
Price per Sqft $409
MLS Listing ID CROC25261825
HOA Y/N No
Year Built 1962
Lot Size 0.440 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Villa Cresenta is an 11-unit multifamily investment opportunity located at 6430 Crescent Avenue in Buena Park, California. Built in 1962 on a 0.44-acre parcel, the property features a desirable mix of three 1-bed/1-bath units and eight 2-bed/1-bath units, catering to a broad range of tenants. Residents benefit from a spacious common area courtyard, on-site laundry, and 11 garage and 4 surface parking spaces, along with security doors and a well-maintained environment that supports long-term tenant retention. Offered at a 5.33 percent cap rate on current rents and a projected 6.41 percent cap rate on market rents, Villa Cresenta provides investors with strong in-place income and meaningful upside through the completion of a comprehensive unit renovation program. Situated on a frontage road running parallel to Crescent Avenue, the property offers a quieter residential setting with excellent accessibility. Residents enjoy walkable access to Heroes Park and San Marino Elementary School, providing strong neighborhood and family-oriented appeal. It is also just over half a mile from Cypress College, a key driver of local rental demand, and about one mile from Knott's Berry Farm, a major regional employment center supporting consistent tenant demand. The location is surrounded by retail
Location
State CA
County Orange
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Level
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