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Listed by Ruben Khorsandi • Alliance Investment RE Group
$2,499,000
Est. payment /mo
4,978 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,978 sqft
Price per Sqft $502
MLS Listing ID OC-25080094
Year Built 1959
Lot Size 10,454 Sqft
Property Sub-Type Apartment
Property Description
PRIDE OF OWNERSHIP ASSET AT A 6.02% CAP RATE ON ACTUALS! We are pleased to offer for sale this well-located property in the highly desirable rental market of Garden Grove. This asset provides a unit mix of 1 bedroom units that have ALL been completely gutted and renovated with ENTIRELY new kitchens, bathrooms, and flooring! The exterior has also been completely renovated with a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting and new concrete throughout the entire property. The entire property was also just recently re-plumbed with new gas lines for each unit. There is also a renovated laundry room with two washers and two dryers that are owned! Each unit also includes A/C units. There are also garages for each unit for tenants to enjoy. There is also a RUBs program in place for tenants to reimburse the owner for utilities which keeps operating expenses low.
Location
State CA
County Orange
Area 64 - Garden Grove E Of Euclid, W Of Harbor
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 8.0
Pool None
Community Features Sidewalks, Storm Drains, Street Lights
Building
Lot Description Corner Lot, 6-10 Units/Acre
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823