| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 56th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7531 Knott Ave, Buena Park, CA, 90620, US |
| Region / Metro | Buena Park |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2002-05-22 |
| Transaction Price | $2,650,000 |
| Buyer | WSAA TRINITY LLC |
| Seller | ANDINI LLC |
7531 Knott Ave Buena Park Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by high ownership costs and solid incomes, according to WDSuite's CRE market data. The area's balance of services and schools supports occupancy stability for a 24-unit asset.
Livability indicators are favorable for a working-household tenant base. The neighborhood scores competitive among Anaheim–Santa Ana–Irvine neighborhoods for overall amenities, with strong access to groceries, parks, pharmacies, and exceptionally dense childcare options (these statistics reflect the neighborhood, not this property). Cafes are less concentrated, which modestly tempers lifestyle appeal but does not materially affect daily convenience.
Schools average around 4 out of 5 and sit in the top quartile nationally, a draw for family renters that can aid lease retention. Median contract rents in the neighborhood track on the higher side for the region, while the rent-to-income ratio near 0.21 suggests manageable affordability pressure for many area renters, supporting renewal likelihood.
Occupancy in the neighborhood is about 92.8% with a slight five-year easing; this is a neighborhood-level metric and not specific to the property. The renter-occupied share is roughly one-third locally, signaling an owner-tilted area where multifamily competes against single-family options; however, elevated home values reinforce reliance on rental housing and help sustain depth of demand.
Demographic statistics aggregated within a 3-mile radius show households have increased even as population edged down, indicating smaller household sizes and a broader addressable renter pool. By 2028, forecasts point to more households and a renter share edging toward parity, which supports occupancy stability and leasing velocity for professionally managed buildings.
Vintage and asset positioning: Built in 1973, the property is newer than the neighborhood's average 1950s housing stock. Investors should plan for ongoing system updates while considering value-add potential to improve competitive positioning against both older and renovated comparables.
Safety compares favorably at the neighborhood scale in national context, with violent and property offense rates positioned in the top quartile of safer neighborhoods nationwide. Year-over-year trends indicate modest improvement, which can support renter retention and reduce turnover risk over time. These references are neighborhood-level indicators and not block-specific.
Nearby employers provide a diversified employment base across telecommunications, packaging, automotive distribution, and defense-related operations, supporting commute convenience and steady renter demand. The list below highlights employers within roughly 8 miles that are most relevant to the neighborhood's workforce.
- Time Warner Business Class — telecommunications services (3.1 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging operations (3.6 miles)
- LKQ — auto parts distribution (4.3 miles)
- International Paper — packaging operations (8.0 miles)
- Raytheon Public Safety RTC — defense & aerospace facilities (8.0 miles)
7531 Knott Ave is a 24-unit 1973 asset in Buena Park positioned in an Inner Suburb setting where household incomes are strong and ownership costs are elevated. Neighborhood occupancy around 92.8% and a renter share that is lower locally but higher within a 3-mile radius indicate a stable but competitive leasing environment; elevated home values and solid incomes underpin demand for well-run multifamily. Based on CRE market data from WDSuite, amenity access (groceries, parks, pharmacies) and above-average school ratings support family-oriented renter retention.
Forward-looking demographics within 3 miles point to an increase in households and a renter pool that is projected to expand as household sizes decline, which supports occupancy stability and lease-up resilience. The 1973 vintage is newer than much of the neighborhood's 1950s housing, offering potential value-add and modernization upside, though investors should plan for targeted capex on aging systems to sustain competitiveness and pricing power.
- Inner-suburban location with strong daily-needs access and top-quartile school ratings supporting family renter retention
- Neighborhood occupancy near the low-90s with elevated ownership costs reinforcing reliance on rental housing
- 3-mile outlook shows more households and a larger renter pool, aiding demand depth and leasing stability
- 1973 vintage offers value-add potential; targeted system upgrades can enhance competitive positioning
- Risks: owner-tilted local tenure and modest occupancy softening call for active leasing and asset management