$3,350,000
5791 Kingman Avenue is a 10-unit multifamily investment opportunity located in Buena Park, CA. The property consists of 10 2 Bed/1 Bath units, offering a highly desirable and functional unit mix that appeals to a broad tenant base including roommates, small families, and working professionals. The asset features gated access, an on-site laundry facility, 10 single-car garages, and 10 additional surface parking spaces, providing a total of 20 on-site spaces for residents. Current ownership has invested significant capital throughout the property totaling over $380,000. Select units have been renovated with updated kitchens and bathrooms, including new flooring, countertops, cabinets, appliances, lighting, tile backsplashes, modern tub surrounds, vanities, and fixtures. One unit is currently undergoing renovation, offering new ownership the opportunity to continue the interior upgrade program and capture additional rental upside. Upstairs units each feature a private balcony, while downstairs units offer spacious private yards, creating a desirable mix of private outdoor amenities. The combination of uniform 2 Bed/1 Bath units, in-place renovations, and remaining value-add potential positions the asset as an attractive investment opportunity in a well-established Buena Park neighborhood.
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Listed by Christian Tait with Marcus & Millichap RE Invest (949) 419-3200
Property Type
Apartment
Status
Active
MLS Number
OC26045092
Year Built
1972
Lot Size
0.43 acres