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Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
$ 3,300,000
Est. payment /mo
Active
5882 Western Avenue Buena Park, CA 90621
9,196 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,196 sqft
Price per Sqft $358
MLS Listing ID NP-25088945
Year Built 1985
Lot Size 0.411 Acres
Property Sub-Type Apartment
Property Description
5882 Western Avenue is a desirable investment property consisting of nine 2-bedroom 2-bathroom apartment homes with spacious living interiors averaging roughly 1,000 square feet each. The size of the floor plans with the additional second bathroom, attract tenants, produce solid rents and encourages longer-term occupancy. Built in 1985 on an oversized, 18,956 square foot parcel of land, the property consists of two buildings set back from the street. The large lot and design layout provide a low-density, quiet residential living environment with excellent parking, (9) garages and (9) open spaces (2 to 1 Parking Ratio). There are 8 storage rooms on-site for additional rental income or for a potential ADU conversion. Well located in northwest Orange County, near the cross streets of Beach Blvd and Artesia Blvd, the property is roughly 21 miles southeast of Los Angeles, with easy access to both the 91 and 5 freeways. The strong local economy includes the Entertainment Corridor, which contains a variety of well-known attractions, including Knott's Berry Farm, Medieval Times Dinner, several hotels, and other secured development plans for several more exciting entertainment and lodging venues.
Location
State CA
County Orange
Area 82 - Buena Park
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 9.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description Lot 10000-19999 Sqft, Rectangular Lot
Sewer Public Sewer