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6611 Kingman Ave 4 Unit Apartment Building $1,425,000 ($356,250/Unit) 2.69% Cap Rate Buena Park, CA 90621
Investment Highlights
- First Time on the Market in over 30 Years
- Well Maintained Building with Updated Flooring
- Large 1 and 2 Bedrooms with Window A/C and Individual Meters
- Over 5% Cap on Market with over 30% Upside in Rental Income
Executive Summary
We are pleased to present the Kingman Fourplex, located in the City of Buena Park and offered for sale for the first time in over 30 years. Each unit features window air conditioning, gas wall heating, individual gas and electric meters, and individual water heaters. The Kingman Fourplex is ideally situated near major thoroughfares, including Artesia Boulevard and Beach Boulevard (Highway 39), which provides direct access from La Habra to Huntington Beach. The property is not subject to CA 1482 (statewide rent control) and offers over 30% upside in rental income, providing investors with the opportunity for immediate rental growth.
Property Facts
| Price | $1,425,000 | Property Subtype | Apartment |
| Price Per Unit | $356,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 2.69% | Building Size | 3,400 SF |
| Gross Rent Multiplier | 20.3 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 1.76/1,000 SF |
| Zoning | RMF - Residential Multifamily | ||
| Price | $1,425,000 |
| Price Per Unit | $356,250 |
| Sale Type | Investment |
| Cap Rate | 2.69% |
| Gross Rent Multiplier | 20.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,400 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | RMF - Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,350 | 700 |
| 2+2 | 2 | $1,500 | 1,000 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 276-281-15 | Improvements Assessment | $175,852 |
| Land Assessment | $297,393 | Total Assessment | $473,245 |
Property Taxes
Parcel Number
276-281-15
Land Assessment
$297,393
Improvements Assessment
$175,852
Total Assessment
$473,245
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6611 Kingman Ave
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