Closed Deals

Palm Court Apartments

8182 Artesia Boulevard, Buena Park, CA 90621

Property Description

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Palm Court Apartments, a 17-unit multifamily investment property located in Buena Park, one of the strongest rental markets in Southern California.

Situated on a 0.65-acre lot, the 15,324 square foot property consists exclusively of condo-quality two-bedroom units and offers amenities including gated access, garage, open, and tuck-under parking, private balconies or patios, vaulting ceiling with skylight, fireplace (select units), central air, individual water heaters, and in-unit laundry hookups.

The average household income in Buena Park is projected to grow by 15.51 percent to $103,255 by 2023 and the vacancy rate within a one mile radius of the subject property is just 1.64 percent. Furthermore, Buena Park’s average effective rents have increased by 3.9 percent year-over-year since first quarter 2018. In addition, Palm Court Apartments’ strategic location, in close proximity to Interstate 5 and State Route 91, provides residents with convenient access to employment hubs in nearby cities.

Given the strong market dynamics and rental demand, as well as the property’s fantastic location, Palm Court Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.

Sale Highlights

  • 100 Percent Condo-Quality Two-Bedroom Units
  • Gated Access
  • Vaulted Ceilings with Skylight | Fireplace (select units)
  • Garage, Open, and Tuck-Under Parking | In-Unit Laundry Hookups
  • Private Balconies or Patios
  • Central Air | Individual Water Heaters
  • One Mile from Buena Park High School
  • Two Miles from Knott's Berry Farm
Status: Sold
Year Built: 1988
Price: N/A
No. of Units: 17
For more information on our listings, click here
Presented by
David Yeh
First Vice President Investments
CA license: 01812690
Tyler Leeson
Senior Managing Director
CA license: 01451551