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$ 3,575,000
Est. payment | /mo
3 Beds
0.44 Acres Lot
$ 3,575,000
Est. payment | /mo
3 Beds
0.44 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25261825
Bedrooms 3
Lot Size 0.440 Acres
Property Sub-Type Res Income 2-4 Units
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 Knotts Berry Farm, a major regional employment center supporting consistent tenant demand. The location is surrounded by retail centers offering daily conveniences and benefits from quick access to Beach Boulevard and State Route 91, providing direct connectivity throughout Orange and Los Angeles Counties. Villa Cresenta represents a rare opportunity to acquire a well-located, low-density asset in a supply-constrained market
Location
State CA
County Orange
Zoning Assessor
Direction Cross Streets of Crescent Avenue & Holder Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 26005103
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Tyler Leeson Marcus & Millichap RE Invest
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