7200 Melrose Street, Buena Park CA, 90621

Sold

7200 Melrose Street

Buena Park CA, 90621

$7,950,000

$222.76 per sqft

Sold

35,688 sqft

Residential

Built in 1969

Listed by Jonathan Mitchell with Marcus & Millichap RE Invest 949-419-3200

DRIVE BY ONLY - The Melrose Manor Apartment Units is a 44 unit turn-key apartment
community excellently located in the city of Buena Park. Built in 1969, the subject property consists of one, three-story
building situated on a 1.21 acre lot. Currently 100% occupied, the subject property boasts a unit mix of 37 oversized
one-bedroom/one bath units, 3 two-bedroom/one-and-three-quarter bath units, and 4 two-bedroom/one bath units with
approximately 11% upside in rental income at attainable market rents.
Individually metered for electric and master-metered for gas, the units feature wall air-conditioning and heating, three
spacious closets, breakfast nooks, and a balcony or patio. Common area amenities include electronic gated access, 51
lighted carports and 17 open parking spaces, a sparkling swimming pool, barbeque area, and an on-site laundry room.

OC14234117

MLSⓇ ID

March 18, 2024

Updated

Map

7200 Melrose Street
Buena Park CA, 90621

Interior Features

Total Stories: 3
Interior Features: Balcony, Ceiling Fan(s), Elevator, Granite Counters, Laminate Counters
Fireplace: Yes
Fireplace Description: Bath, Dining Room, Kitchen, Living Room, Primary Bedroom
Cooling: Yes
Cooling Description: Electric, Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 1.2 Acres
Lot Features: 26-30 Units/Acre

Other Property Details

Area Name: 82 - Buena Park
Days on Market: 162
Garage: No
Parking: Assigned
Parking Total: 68
View: No
County: Orange
Water Source: Public
Pool: Yes
Pool Features: In Ground, Private

Listing Contact: 949-419-3200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 7:09 PM UTC