Marcus & Millichap RE Invest
Listed by Marcus & Millichap RE Invest
$16,500,000
7720 Crescent Avenue
Details
APN 13512101
Property Type Multifamily
Sub Type Apartment Building
Units 46
Cap Rate 4.74%
Buildings 2
Stories 2
Acreage 1.420
Zoning Assessor
Multifamily | 4.74% CAP | 46 Units
Marketing description
Villa Grande is a 46-unit multifamily investment opportunity located in the heart of Buena Park, just steps from Knotts Berry Farm and minutes from major employment, retail, and transportation corridors. Built in 1971 on a 1.42-acre parcel, the property encompasses approximately 39,416 rentable square feet and offers an attractive mix of spacious floor plans, including 1 Bed/1 Bath, 2 Bed/1.5 Bath, and 2 Bed/2 Bath layouts. Residents enjoy a well-amenitized living environment featuring controlled pedestrian and vehicle access, a swimming pool and spa, on-site laundry, and a total of 77 garage, carport, tuck-under, and surface parking spaces. Select units have been upgraded with vinyl flooring, shaker-style cabinetry, quartz countertops, recessed lighting, stainless-steel appliances, and modern bathroom finishes, enhancing renter appeal and supporting rental growth potential. Private patios or balconies and convenient storage lockers in the carport area further elevate the resident experience. Ideally situated in a prime Buena Park location, Villa Grande lies adjacent to Knotts Berry Farm and the recently renovated Knotts Hotel, within walking distance of Buena Park Downtown, and just one block from Beach Boulevard. This central corridor provides direct connectivity to neighboring cities, major freeways, and retail destinations across North Orange County. The property is also less than half a mile from the mixed-use development at Beach Boulevard and Lincoln Avenue, underscoring the areas ongoing revitalization and strong demand for quality rental housing. Offering scale, lo
Listing Contacts
Marcus & Millichap RE Invest
Listed by Marcus & Millichap RE Invest
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