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Villa Cresenta 6430 Crescent Ave 11 Unit Apartment Building $3,575,000 ($325,000/Unit) 5.33% Cap Rate Buena Park, CA 90620



INVESTMENT HIGHLIGHTS
- Built in 1962 on a 0.44-acre parcel, Villa Cresenta features a desirable mix of three 1-bed/1- bath units and eight 2-bed/1-bath units.
- Spacious common area courtyard, on-site laundry facility, and a total of 15 parking spaces (11 garages and 4 surface).
- Just over half a mile from Cypress College and approximately one mile from Knott’s Berry Farm, one of the area’s largest employers and attractions.
- Value-Add: Offered at a 5.33 percent cap rate on current rents and a projected 6.41 percent at market rents.
- Within walking distance of Heroes Park and San Marino Elementary School, providing family-oriented appeal and everyday convenience.
- Surrounded by retail centers providing daily necessities and positioned less than 1.5 miles from Beach Boulevard and State Route 91.
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap is pleased to present Villa Cresenta, an 11-unit multifamily investment opportunity located at 6430 Crescent Avenue in Buena Park, California.
Built in 1962 on a 0.44-acre parcel, the property features a desirable mix of three 1-bed/1-bath units and eight 2-bed/1-bath units, catering to a broad range of tenants. Residents benefit from a spacious common area courtyard, on-site laundry, and 11 garage and 4 surface parking spaces, along with security doors and a well-maintained environment that supports long-term tenant retention.
Offered at a 5.33 percent cap rate on current rents and a projected 6.41 percent cap rate on market rents, Villa Cresenta provides investors with strong in-place income and meaningful upside through the completion of a comprehensive unit renovation program.
Situated on a frontage road running parallel to Crescent Avenue, the property offers a quieter residential setting with excellent accessibility. Residents enjoy walkable access to Heroes Park and San Marino Elementary School, providing strong neighborhood and family-oriented appeal. It is also just over half a mile from Cypress College, a key driver of local rental demand, and about one mile from Knott’s Berry Farm, a major regional employment center supporting consistent tenant demand. The location is surrounded by retail centers offering daily conveniences and bene?ts from quick access to Beach Boulevard and State Route 91, providing direct connectivity throughout Orange and Los Angeles Counties.
Villa Cresenta represents a rare opportunity to acquire a well-located, low-density asset in a supply-constrained market with immediate cash ?ow and clear value-add potential, an ideal addition to any multifamily portfolio.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Built in 1962 on a 0.44-acre parcel, the property features a desirable mix of three 1-bed/1-bath units and eight 2-bed/1-bath units, catering to a broad range of tenants. Residents benefit from a spacious common area courtyard, on-site laundry, and 11 garage and 4 surface parking spaces, along with security doors and a well-maintained environment that supports long-term tenant retention.
Offered at a 5.33 percent cap rate on current rents and a projected 6.41 percent cap rate on market rents, Villa Cresenta provides investors with strong in-place income and meaningful upside through the completion of a comprehensive unit renovation program.
Situated on a frontage road running parallel to Crescent Avenue, the property offers a quieter residential setting with excellent accessibility. Residents enjoy walkable access to Heroes Park and San Marino Elementary School, providing strong neighborhood and family-oriented appeal. It is also just over half a mile from Cypress College, a key driver of local rental demand, and about one mile from Knott’s Berry Farm, a major regional employment center supporting consistent tenant demand. The location is surrounded by retail centers offering daily conveniences and bene?ts from quick access to Beach Boulevard and State Route 91, providing direct connectivity throughout Orange and Los Angeles Counties.
Villa Cresenta represents a rare opportunity to acquire a well-located, low-density asset in a supply-constrained market with immediate cash ?ow and clear value-add potential, an ideal addition to any multifamily portfolio.
*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 |
$284,664
|
$32.61
|
| Other Income |
$4,845
|
$0.56
|
| Vacancy Loss |
$8,540
|
$0.98
|
| Effective Gross Income |
$280,969
|
$32.19
|
| Taxes |
$40,515
|
$4.64
|
| Operating Expenses |
$50,059
|
$5.73
|
| Total Expenses |
$90,574
|
$10.38
|
| Net Operating Income |
$190,395
|
$21.81
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $284,664 |
| Annual Per SF | $32.61 |
| Other Income | |
|---|---|
| Annual | $4,845 |
| Annual Per SF | $0.56 |
| Vacancy Loss | |
|---|---|
| Annual | $8,540 |
| Annual Per SF | $0.98 |
| Effective Gross Income | |
|---|---|
| Annual | $280,969 |
| Annual Per SF | $32.19 |
| Taxes | |
|---|---|
| Annual | $40,515 |
| Annual Per SF | $4.64 |
| Operating Expenses | |
|---|---|
| Annual | $50,059 |
| Annual Per SF | $5.73 |
| Total Expenses | |
|---|---|
| Annual | $90,574 |
| Annual Per SF | $10.38 |
| Net Operating Income | |
|---|---|
| Annual | $190,395 |
| Annual Per SF | $21.81 |
PROPERTY FACTS
| Price | $3,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.33% | Building Size | 8,729 SF |
| Gross Rent Multiplier | 12.35 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Zoning | R3 | ||
| Price | $3,575,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 12.35 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 8,729 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.72/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Kitchen
- Granite Countertops
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 643 |
| 2+1 | 8 | - | 925 |
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PROPERTY TAXES
| Parcel Number | 260-051-03 | Total Assessment | $3,347,962 |
| Land Assessment | $3,030,811 | Annual Taxes | $40,515 ($4.64/SF) |
| Improvements Assessment | $317,151 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
260-051-03
Land Assessment
$3,030,811
Improvements Assessment
$317,151
Total Assessment
$3,347,962
Annual Taxes
$40,515 ($4.64/SF)
Tax Year
2025 Payable 2025
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Villa Cresenta | 6430 Crescent Ave
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