5842 Western Ave, Buena Park, CA 90621
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5842 Western Ave Buena Park, CA 90621

$2,965,000
  • 16 Beds
  • 8 Baths
  • 5,616 Sq.Ft.
For Sale
$2,965,000 Get Pre-Qualified

Map preview of 5842 Western Ave, Buena Park, CA 90621

Property Overview: 5842 Western Ave Buena Park, CA has 16 bedrooms, 8 bathrooms, 5,616 living square feet and 18,940 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The Western Apartment Homes has an ideal unit mix of all single story two-bedroom units. Each unit has its own private yard, single car garage and washer dryer hook ups. All of the units have their own individual address. Most of the units have been renovated with new windows, quartz counter tops, and tile floors. Due to the unique features the apartment homes offer, the property has very stable occupancy with historical vacancy below 3%. The property is situated on a large 18,940 SF lot and has potential to add ADUs. The property has excellent assumable financing fixed at 3.35%.

Listed by Grant Hahn | BRE #01197893 | Morgan Skenderian
Co-listed by Doug Rodermund | BRE #01314304 | Morgan Skenderian
Last checked: 5 minutes ago | Last updated: March 12th, 2024 | Source CRMLS | DOM: 76
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Home details

Lot Sq. Ft
18,940
HOA Dues
$0/mo
Year built
1957
Garage
8 Car
Property Type:
Apartment
Status
Active
MLS#
PW24015887
City
Buena Park
County
Orange
Time on Site
97 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 4
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 8
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $19,600
  • Total Rent: $212,100
  • Pro Forma/Market Rent: $258,720
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $212,100
  • Net Operating Income: $148,407
  • Gross Operating Income: --
  • Vacancy Allowance: $6,363
Annual Expense Breakdown
  • Total Operating Expense: $57,330
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0

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Property Details for 5842 Western Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Garage
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 27710227
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: other
  • Directions: north of Artesia
Neighborhood Information
  • Community Features: Park
View more facts & features

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Sale History for 5842 Western Ave

Last sold for $1,625,000 on September 22nd, 2014
  • January, 2024

  • Jan 25, 2024

    Date

    Active

    CRMLS: PW24015887

    $3,150,000

    Price

  • September, 2014

  • Sep 22, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,625,000

    Price

  • August, 2012

  • Aug 30, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

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Tax History for 5842 Western Ave

Assessed Value (2020): $1,785,774
Year Land Value Improved Value Assessed Value
2020 $1,553,341 $232,433 $1,785,774

Home Value Compared to the Market

This property vs the competition

5842 Western Ave is listed 231.28% higher than the median list price for the city of Buena Park which has a median list price of $895,000. The median price per/sqft for Buena Park is $576 and this home is listed at $527.96 per/sqft which puts the price per square foot 8.34% lower than the median price per square foot for the city of Buena Park.

About 5842 Western Ave

Detailed summary of property

5842 Western Ave is a apartment located in Buena Park, CA 90621 and is currently for sale. This apartment offers 16 bedrooms, 8 bathrooms, roughly 5,616 living square feet, and sits on an approximately 18,940 square foot lot. 5842 Western Ave was first listed on ArdentRealEstateGroup.com on January 25, 2024. The homeowner is currently asking $2,965,000 and was originally asking $3,150,000. The median priced home in Buena Park is $895,000 with a median price per square foot of $576. Based on Ardent Real Estate Group's Buena Park Market Data, this home is listed 231.28% higher than the median priced home. Local competing homes currently for sale include 216 W Santa Fe Ave, 5706 Pioneer Blvd and 10224 La Reina Ave. While the average home in Buena Park, CA is selling in 65 days, 5842 Western Ave has a days on market of 76 days. There are currently 69 homes for sale in the Buena Park real estate market and 52 of them are single family homes while 9 of them are condos and 8 are townhomes. For more information on this home for sale at 5842 Western Ave Buena Park, CA 90621 contact Ardent Real Estate Group and we will put you in touch with one of our Buena Park agents.

Public Facts for 5842 Western Ave

Public county record property details
Beds
2
Baths
1
Year built
1960
Sq. Ft.
702
Lot Size
18,213
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
85
APN
277-102-27

The source for these homes facts are from public records.

90621 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$879,000
Median List Price/Sq.Ft.
$541
Median Sold Price
$838,883
Median Sold Price/Sq.Ft.
$588
Total Inventory
35
Median Sale to List Price %
99.88%
Avg Days on Market
28
Loan Type
Conventional (64.71%), FHA (5.88%), VA (0%), Cash (11.76%), Other (11.76%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.