Log In/Sign Up
Your email has been sent.
5941 Kingman Ave 8 Unit Apartment Building $2,950,000 ($368,750/Unit) 3.92% Cap Rate Buena Park, CA 90621



INVESTMENT HIGHLIGHTS
- Six two-bedroom units and two three-bedroom units cater to families and long-term renters, a highly desirable tenant demographic in Buena Park
- In close proximity to Knott’s Berry Farm, Buena Park Downtown, and The Source OC, enhancing tenant desirability and supporting premium rents
- A landscaped central courtyard, carport and surface parking, and convenient on-site laundry facilities enhance livability and rental demand
- Access to diverse job markets in both Orange & Los Angeles Counties, with nearby education & healthcare institutions, retail, & hospitality
EXECUTIVE SUMMARY
Marcus & Millichap’s The Leeson Group, as the exclusive listing agent, is proud to present the opportunity to acquire 5941 Kingman Avenue, an 8-unit multifamily investment property ideally situated in Buena Park, California.
Constructed in 1966, the 8,721-square-foot property offers a compelling unit mix of six two-bedroom units and two three-bedroom units, each averaging more than 1,000 square feet. This desirable configuration caters to families and long-term renters, providing spacious floor plans rarely found in assets of this size. Residents enjoy a range of on-site amenities including covered and surface parking, two laundry facilities, and a landscaped central courtyard that enhances livability and community appeal. The property’s combination of larger unit layouts and attractive amenities creates strong tenant demand and long-term income stability.
5941 Kingman Avenue also benefits from a prime Buena Park location near key employment centers, shopping destinations, and entertainment. Tenants have convenient access to Knott’s Berry Farm, Buena Park Downtown Mall, The Source OC, Cypress College, and numerous neighborhood schools, along with excellent connectivity via the nearby Interstate 5 and State Route 91 freeways. This accessibility makes the property attractive to a wide renter base commuting throughout Orange and Los Angeles Counties.
Offering a blend of large floorplans, stable tenant demand, and strategic location, 5941 Kingman Avenue represents a rare opportunity for investors to acquire a quality multifamily asset in one of North Orange County’s established rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Constructed in 1966, the 8,721-square-foot property offers a compelling unit mix of six two-bedroom units and two three-bedroom units, each averaging more than 1,000 square feet. This desirable configuration caters to families and long-term renters, providing spacious floor plans rarely found in assets of this size. Residents enjoy a range of on-site amenities including covered and surface parking, two laundry facilities, and a landscaped central courtyard that enhances livability and community appeal. The property’s combination of larger unit layouts and attractive amenities creates strong tenant demand and long-term income stability.
5941 Kingman Avenue also benefits from a prime Buena Park location near key employment centers, shopping destinations, and entertainment. Tenants have convenient access to Knott’s Berry Farm, Buena Park Downtown Mall, The Source OC, Cypress College, and numerous neighborhood schools, along with excellent connectivity via the nearby Interstate 5 and State Route 91 freeways. This accessibility makes the property attractive to a wide renter base commuting throughout Orange and Los Angeles Counties.
Offering a blend of large floorplans, stable tenant demand, and strategic location, 5941 Kingman Avenue represents a rare opportunity for investors to acquire a quality multifamily asset in one of North Orange County’s established rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$185,160
|
$21.23
|
| Other Income |
$4,200
|
$0.48
|
| Vacancy Loss |
$5,555
|
$0.64
|
| Effective Gross Income |
$183,805
|
$21.07
|
| Taxes |
$31,885
|
$3.66
|
| Operating Expenses |
$36,230
|
$4.15
|
| Total Expenses |
$68,115
|
$7.81
|
| Net Operating Income |
$115,690
|
$13.26
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $185,160 |
| Annual Per SF | $21.23 |
| Other Income | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $0.48 |
| Vacancy Loss | |
|---|---|
| Annual | $5,555 |
| Annual Per SF | $0.64 |
| Effective Gross Income | |
|---|---|
| Annual | $183,805 |
| Annual Per SF | $21.07 |
| Taxes | |
|---|---|
| Annual | $31,885 |
| Annual Per SF | $3.66 |
| Operating Expenses | |
|---|---|
| Annual | $36,230 |
| Annual Per SF | $4.15 |
| Total Expenses | |
|---|---|
| Annual | $68,115 |
| Annual Per SF | $7.81 |
| Net Operating Income | |
|---|---|
| Annual | $115,690 |
| Annual Per SF | $13.26 |
PROPERTY FACTS Under Contract
| Price | $2,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $368,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 3.92% | Building Size | 8,723 SF |
| Gross Rent Multiplier | 15.58 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 1.75/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM16, Buena Park - Residential | ||
| Price | $2,950,000 |
| Price Per Unit | $368,750 |
| Sale Type | Investment |
| Cap Rate | 3.92% |
| Gross Rent Multiplier | 15.58 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 8,723 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | RM16, Buena Park - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Storage Space
- Kitchen
- Sprinkler System
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Sundeck
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 1,000 |
| 3+1.5 | 2 | - | 1,360 |
1 1
PROPERTY TAXES
| Parcel Number | 277-102-15 | Total Assessment | $1,354,190 |
| Land Assessment | $922,235 | Annual Taxes | $31,885 ($3.66/SF) |
| Improvements Assessment | $431,955 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
277-102-15
Land Assessment
$922,235
Improvements Assessment
$431,955
Total Assessment
$1,354,190
Annual Taxes
$31,885 ($3.66/SF)
Tax Year
2025 Payable 2025
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
5941 Kingman Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
