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Dale Terrace 6851 Dale St 21 Unit Apartment Building $6,700,000 ($319,048/Unit) 5% Cap Rate Buena Park, CA 90621



Investment Highlights
- Positioned in a highly accessible Orange County location
- Located within a dense employment corridor, with more than 24,000 businesses employing over 224,000 workers within a five-mile radius
Executive Summary
Dale Terrace is a well-maintained, single-story multifamily community offered for sale for the first time since the early 1980s. Located in a highly sought-after Buena Park location, a new owner will benefit from the opportunity to acquire an asset with significant income and operational upside. The property features an efficient unit mix of one-bedroom/one-bath (˜34%), two-bedroom/two-bath (˜62%), and select three-bedroom/two-bath (˜5%) floorplans. Recent capital improvements, include a roof installed within the last two years, upgraded main and sub-electrical panels, dual-paned vinyl windows and sliders, newer paint, and copper plumbing which will reduce near-term capex and enhance operational reliability. The property sits on an expansive 1.16-acre, gated parcel within walking distance of James A. Whitaker Elementary and Buena Park High School. Dale Terrace benefits from compelling demographics and proximity to major employment, with average household incomes of $111,967 and more than 24,000 businesses employing over 224,000 people within a five-mile radius. Investors can pursue income growth through light interior refreshes and operational efficiencies. This is a unique opportunity to acquire an asset with strong in-place performance, immediate cash flow, and meaningful upside.
Property Facts
| Price | $6,700,000 | Apartment Style | Garden |
| Price Per Unit | $319,048 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.20 AC |
| Cap Rate | 5% | Building Size | 18,431 SF |
| Gross Rent Multiplier | 12.56 | Average Occupancy | 86% |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Zoning | Auto Center Specific Plan - Auto Center Specific Plan (ACSP) Sub-District A-1 | ||
| Price | $6,700,000 |
| Price Per Unit | $319,048 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.56 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 18,431 SF |
| Average Occupancy | 86% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | Auto Center Specific Plan - Auto Center Specific Plan (ACSP) Sub-District A-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Range
- Double Pane Windows
- Patio
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Pool
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 |
| 2+2 | 13 | - | 950 |
| 3+2 | 1 | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 277-111-04 | Improvements Assessment | $1,048,488 |
| Land Assessment | $660,591 | Total Assessment | $1,709,079 |
Property Taxes
Parcel Number
277-111-04
Land Assessment
$660,591
Improvements Assessment
$1,048,488
Total Assessment
$1,709,079
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