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6041 Fullerton Ave 12 Unit Apartment Building $4,150,000 ($345,833/Unit) 5% Cap Rate Buena Park, CA 90621
INVESTMENT HIGHLIGHTS
- Well-maintained 1968 construction with a balanced mix of one- and two-bedroom units on a spacious 0.43-acre lot.
- Security doors, spacious porches, an on-site laundry facility, and ample carport and surface parking enhance tenant retention and appeal.
- Immediate access to Interstate 5 and the Buena Park Metrolink Station, offering direct routes across Southern California.
- Established rental base in a high-demand corridor, with potential to further modernize interiors and capture higher market rents.
- Walking distance to the Buena Park Auto Center, one of the city’s largest employment hubs.
- Less than one mile from The Source OC, a major retail and entertainment center featuring dining, shopping, and nightlife options.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap is pleased to present 6041 Fullerton Avenue, a 12-unit multifamily property located in the strong rental market of Buena Park, California.
Built in 1968 on a 0.43-acre parcel, the property features a desirable mix of four 1-bedroom/1-bathroom units and eight 2-bedroom/2-bathroom units, catering to both individuals and small families. Residents benefit from practical amenities including security doors, spacious porches, on-site laundry, and a combination of carport and surface parking. Significant rental upside remains achievable through the completion of a comprehensive unit renovation program, positioning the property for enhanced income potential and long-term appreciation.
Positioned just off Beach Boulevard, the property offers immediate access to major employment, transportation, and retail destinations. Tenants benefit from walkable proximity to the Buena Park Auto Center, one of the city’s largest employment centers, and are minutes from Interstate 5 and the Buena Park Metrolink Station, providing connectivity throughout Southern California.
Nearby attractions such as The Source OC and multiple grocery-anchored retail centers further enhance the property’s convenience and long-term renter appeal, making 6041 Fullerton Avenue a compelling opportunity for investors seeking stable cash flow and future appreciation potential in a supply-constrained North Orange County market.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Built in 1968 on a 0.43-acre parcel, the property features a desirable mix of four 1-bedroom/1-bathroom units and eight 2-bedroom/2-bathroom units, catering to both individuals and small families. Residents benefit from practical amenities including security doors, spacious porches, on-site laundry, and a combination of carport and surface parking. Significant rental upside remains achievable through the completion of a comprehensive unit renovation program, positioning the property for enhanced income potential and long-term appreciation.
Positioned just off Beach Boulevard, the property offers immediate access to major employment, transportation, and retail destinations. Tenants benefit from walkable proximity to the Buena Park Auto Center, one of the city’s largest employment centers, and are minutes from Interstate 5 and the Buena Park Metrolink Station, providing connectivity throughout Southern California.
Nearby attractions such as The Source OC and multiple grocery-anchored retail centers further enhance the property’s convenience and long-term renter appeal, making 6041 Fullerton Avenue a compelling opportunity for investors seeking stable cash flow and future appreciation potential in a supply-constrained North Orange County market.
*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 |
$307,260
|
$29.58
|
| Other Income |
$1,421
|
$0.14
|
| Vacancy Loss |
$9,218
|
$0.89
|
| Effective Gross Income |
$299,463
|
$28.83
|
| Taxes |
$47,194
|
$4.54
|
| Operating Expenses |
$44,873
|
$4.32
|
| Total Expenses |
$92,067
|
$8.86
|
| Net Operating Income |
$207,396
|
$19.96
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $307,260 |
| Annual Per SF | $29.58 |
| Other Income | |
|---|---|
| Annual | $1,421 |
| Annual Per SF | $0.14 |
| Vacancy Loss | |
|---|---|
| Annual | $9,218 |
| Annual Per SF | $0.89 |
| Effective Gross Income | |
|---|---|
| Annual | $299,463 |
| Annual Per SF | $28.83 |
| Taxes | |
|---|---|
| Annual | $47,194 |
| Annual Per SF | $4.54 |
| Operating Expenses | |
|---|---|
| Annual | $44,873 |
| Annual Per SF | $4.32 |
| Total Expenses | |
|---|---|
| Annual | $92,067 |
| Annual Per SF | $8.86 |
| Net Operating Income | |
|---|---|
| Annual | $207,396 |
| Annual Per SF | $19.96 |
PROPERTY FACTS In Escrow
| Price | $4,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $345,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5% | Building Size | 10,388 SF |
| Gross Rent Multiplier | 13.44 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Zoning | R3, Buena Park | ||
| Price | $4,150,000 |
| Price Per Unit | $345,833 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13.44 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 10,388 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R3, Buena Park |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 705 |
| 2+2 | 8 | - | 945 |
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PROPERTY TAXES
| Parcel Number | 277-071-03 | Total Assessment | $3,979,530 |
| Land Assessment | $3,501,987 | Annual Taxes | $47,194 ($4.54/SF) |
| Improvements Assessment | $477,543 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
277-071-03
Land Assessment
$3,501,987
Improvements Assessment
$477,543
Total Assessment
$3,979,530
Annual Taxes
$47,194 ($4.54/SF)
Tax Year
2025 Payable 2025
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6041 Fullerton Ave
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