MLS® ID: PW18165914
6501 Western Avenue
Buena Park, California, 90621 $4,250,000
An excellent opportunity to acquire a 15-unit multifamily building in Buena Park. Located at 6501 Western Ave. this multifamily asset was built in 1965. It offers an ideal unit mix with five 1 bed, 1 bath units, three 2 bed, 1 bath units, three 2 bed, 1.75 bath units and four 2 bed, 1.5 bath townhome-style units. Well-manicured front lawn and foliage contribute to the exceptional curb-appeal of the property. Residents of the building enjoy use of off-street covered parking and laundry facilities. The building boasts a total of 15,515 square feet on a 17,415 square foot lot.
For the right investor, this multi-family asset will represent a great opportunity to generate years of steady cash flow and a higher than average ROI. The close proximity to so many restaurants and well-known attractions will lead to increased appreciation as the urban neighborhood lacks additional space for more apartment building projects to be developed. Enrollment numbers continue to grow at the two nearby university campuses assuring a continued uptick in demand for student housing as well. With a few minor updates, a modest increase in rental income will be achievable.