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$4,250,000
6041 Fullerton AVE Buena Park, CA 90621
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$4,250,000
Est. payment /mo
0.43 Acres Lot
Active
6041 Fullerton AVE Buena Park, CA 90621
UPDATED:
09/30/2024 05:39 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID OC24189421
HOA Y/N No
Year Built 1968
Lot Size 0.430 Acres
Property Description
6041 Fullerton Avenue is a 12-unit multifamily investment property located in Buena Park, California. The property offers a mix consisting of one and two-bedroom units with unit interiors featuring vinyl and tile flooring, quartz countertops, ceiling fans, and more. Residents enjoy amenities including security doors, a common area front yard, an on-site laundry facility, and ample parking. 6041 Fullerton Avenue is located within 1 mile of the intersection of Beach Boulevard and Malvern Avenue, a bustling retail corridor home to several neighborhood retail centers. Additionally, the property is just over 1 mile from The Source OC, a modern shopping mall granting residents easy access to a wide variety of retail, dining, and entertainment options. Furthermore, 6041 Fullerton Avenue benefits from its proximity, just under 2 miles, to Knott’s Berry Farm, the city’s top employer with over 4,000 employees per Buena Park’s 2023 Annual Comprehensive Financial Report. Residents enjoy the property’s close proximity to State Route 91 and Interstate 5, providing convenient access to major regional employment hubs throughout Southern California. The Buena Park submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent (Q1 2024) and average year-over-year effective rent increase of 4.2 percent (2023), demonstrating the strong demand for rental housing. Buena Park’s optimal North Orange County location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Buena Park, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 6041 Fullerton Avenue.
Location
State CA
County Orange
Area 82 - Buena Park
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 12
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 15
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 27707103
Energy Description 4070.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com