7541 5th Street, Buena Park, California 90621, Buena Park, - bed, bath
ACTIVE UNDER CONTRACT$620,000
7541 5th Street, Buena Park, California 90621
2Beds
1Bath
900Sqft
5,092Lot
Year Built
1955
Close
-
List price
$620K
Original List price
$680K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25178901
Home ConditionPoor
Features
Patio
View-
About this home
Opportunity knocks! Here we have a perfect opportunity for a fixer. Calling all investors, come make this your own. This home is just minutes from Knott's Berry Farm and many other attractions, making it a terrific short term rental. It also would make a perfect renovation home, or multi-family with plenty of room to expand on this lot. Bring your tools and ambitions, and don't wait to see this gem before it's gone. This property is zoned RM-20, for medium-density, residential multi-family units. The opportunity to build a multifamily dwelling is here.
Price History
Date
Event
Price
08/23/25
Price Change
$620,000-8.8%
08/07/25
Listing
$680,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (36 Listings) | |
|---|---|---|---|
| Beds | 2 | 4 | 16% |
| Baths | 1 | 3 | 11% |
| Square foot | 900 | 1,724 | 5% |
| Lot Size | 5,092 | 6,000 | 43% |
| Price | $620K | $1M | 3% |
| Price per square foot | $689 | $600 | 81% |
| Built year | 1955 | 1964 | 24% |
| HOA | $185 | ||
| Days on market | 90 | 141 | 16% |
Condition Rating
Poor
The property, built in 1955, is explicitly described as a 'fixer' and 'renovation home,' which is strongly supported by the images. The kitchen is severely outdated with worn cabinets, old appliances, dirty and possibly damaged tile flooring, and an old fluorescent light fixture. The overall interior appears cluttered and neglected, with worn flooring and walls. The exterior shows signs of disrepair, clutter, and lack of maintenance. There's no evidence of significant recent renovations. This property requires substantial repairs and rehabilitation, with major components likely needing replacement or extensive overhaul, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Multi-Family Development Potential: The property is zoned RM-20, explicitly allowing for the development of multi-family units, presenting a significant value-add opportunity for investors.
High Investment Potential: Marketed as a 'fixer,' this property offers substantial upside for investors through renovation, expansion, or complete redevelopment.
Strategic Location for Rentals: Its proximity to major attractions like Knott's Berry Farm makes it an ideal candidate for a lucrative short-term rental business.
Significant Expansion Capacity: With a 5092 sqft lot and explicit mention of 'plenty of room to expand,' there's considerable potential to increase living space or add additional units.
Competitive Pricing: A recent price reduction from $680,000 to $620,000 positions the property more attractively for potential buyers and investors.
Cons
Extensive Renovation Needed: The property is explicitly described as a 'fixer,' implying it requires substantial capital investment and labor to bring it to modern standards.
Outdated Original Structure: Built in 1955, the existing 900 sqft, 2-bed, 1-bath home is likely outdated and will necessitate comprehensive updates or a complete overhaul.
Immediate Livability Concerns: As a 'fixer,' the current condition may pose challenges for immediate occupancy or rental without significant prior improvements.