Villa Grande is a 46-unit multifamily investment opportunity located in the heart of Buena Park, just steps from Knott's 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 Knott's Berry Farm and the recently renovated Knott's 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 area's ongoing revitalization and strong demand for quality rental housing. Offering scale, location, and proven operational performance, Villa Grande presents investors with a rare opportunity to acquire a well-maintained asset in one of Orange County's most dynamic and entertainment-driven markets.
Property Features
Appliances
- Laundry Features: Community
Bathrooms
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: Level with Street
- Lot Size Acres: 1.42
- Lot Size Source: Assessor
- Lot Size Square Feet: 61855
Pool and Spa
Garage and Parking
- Carport Spaces: 35
- Garage Spaces: 9
- Parking Total: 77
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 34500
Rental Info
- Gross Income: 1298406
- Gross Scheduled Income: 1233888
- Vacancy Allowance: 37017
- Rent Control: No
Multi-Unit Info
- Number of Units: 46
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 2
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 2
- Full Bathrooms in Unit-3: 2
- Unit-1 Furnished Description: Unfurnished
- Unit-2 Furnished Description: Unfurnished
- Unit-3 Furnished Description: Unfurnished
- Unit-1 Garage Spaces: 3
- Unit-2 Garage Spaces: 3
- Unit-3 Garage Spaces: 3
- Unit 1 Total Actual Rent: 69630
- Unit 2 Total Actual Rent: 30699
- Unit 3 Total Actual Rent: 2495
Amenities and Community Features
- Community Features: Curbs, Gutters, Sidewalks, Street Lights
Other Property Info
- Source Listing Status: Active
- County: Orange
- Cap Rate: 4.47
- Source Property Type: Residential Income
- Insurance Expense: 36800
- Area: 82 - Buena Park
- Source Neighborhood: Other (OTHR)
- New Taxes Expense: 196061
- Number of Separate Electric Meters: 46
- Number of Separate Gas Meters: 46
- Number of Separate Water Meters: 1
- Parcel Number: 13512101
- Professional Management Expense: 37842
- Subdivision: Other (OTHR)
- Trash Expense: 14528
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 773672
- Operating Expense: 487718
Building and Construction
- Year Built: 1971
- Building Features: 2
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: First level
- Levels: Two
- Property Age: 55
- Property Attached: No
- Levels or Stories: Two
- Building Total Stories: 2
- Elevation Units: Feet
- Year Built Source: Assessor
Utilities
- Electric Expense: 14528
- Sewer: Public Sewer
- Water Source: Public