7541 5th Street, Buena Park, California 90621, Buena Park, 90621 - 2 bed, 1 bath
ACTIVE$595,000
7541 5th Street, Buena Park, California 90621
2Beds
1Bath
900Sqft
5,092Lot
Year Built
1955
Close
-
List price
$595K
Original List price
$680K
Price/Sqft
$661
HOA
-
Days on market
-
Sold On
-
MLS number
PW25178901
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $595.0K(3th), sqft - 900(8th), beds - 2(13th), baths - 1(13th).
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
11/11/25
Price Change
$595,000-4.0%
08/23/25
Price Change
$620,000-8.8%
08/07/25
Listing
$680,000
Condition Rating
Poor
Built in 1955, this property is explicitly marketed as a 'fixer' requiring 'extensive renovation' and is described as an 'outdated structure.' The images confirm this, showing a kitchen in very poor condition with extremely dated and worn cabinets, countertops, appliances, and flooring. The overall interior and exterior exhibit significant neglect and deferred maintenance, suggesting major systems are likely outdated and require substantial repairs and rehabilitation to be safe and comfortable.
Pros & Cons
Pros
Multi-Family Zoning (RM-20): The property is explicitly zoned RM-20 for medium-density, residential multi-family units, offering significant development potential for additional units or expansion.
High Income Potential (Short-Term Rental): Located just minutes from Knott's Berry Farm and other attractions, this property is ideally positioned for a lucrative short-term rental business.
Investment/Renovation Opportunity: Marketed as a 'fixer' and 'perfect renovation home,' it presents a strong opportunity for investors to add significant value through renovation and modernization.
Development Potential (Lot Size): The 5092 sqft lot, coupled with its RM-20 zoning, provides ample space for potential expansion of the existing structure or the construction of additional dwelling units.
Attractive Price Point: The current list price of $595,000 is below the estimated property value of $620,000, offering a compelling entry point for potential buyers or investors.
Cons
Extensive Renovation Required: Described as a 'fixer,' the property requires substantial renovation and investment, which could entail significant costs and effort for the buyer.
Outdated Structure: Built in 1955, the existing 2-bed, 1-bath, 900 sqft home is likely outdated in terms of systems, finishes, and layout, necessitating major upgrades or a complete overhaul.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which may indicate initial overpricing or challenges in attracting buyer interest.