Buena Park triplex: a first-time investor's long-term hold

For a first-time multifamily investor, the priorities are simple: a straightforward deal, a manageable building, and something that performs from day one. We helped this buyer find exactly that in Buena Park, a steady north Orange County rental market with easy access to the 5 and 91 freeways.

8102 9th Street is a 1948 triplex — three spacious three-bedroom units, each with its own attached two-car garage and separate meters, totaling 3,332 square feet. The self-contained layout and low-maintenance profile made it an ideal first acquisition, generating $64,800 in gross scheduled income and $36,693 of net operating income at purchase.

We negotiated from a $999,900 list to a $993,900 close in March 2019, with $6,000 credited toward the buyer's closing costs and clean conventional financing. A drama-free escrow got a first-time investor comfortably across the finish line.

Seven years on, the client still owns the building — and calls it the smoothest deal and best-performing asset in their portfolio. It is the kind of durable, buy-and-hold win that turns a first purchase into a long-term investing habit.