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    9571 , 9581 Maureen Drive

    Garden Grove, CA 92841
    • $4,999,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: P1-6004
    UPDATED: 51 min ago
    $4,999,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    A 16-unit garden style apartment located in the highly desirable City of Garden Grove, CA. This Orange County property has 2 separate buildings. Property constructed in 1960 on 21,780 square foot lot and has a total building(s) size of 12,614. Both 2 story garden style buildings have 8 apartments each and each apartment is 2 bedroom/1 bathroom. The secured entry asset offers a pool, two on site seller owned laundry facilities (one for each building) and dual driveways with 16 enclosed garages. The property is separately metered for gas, electric and each unit has its own separate water heater. Both buildings were newly stuccoed and all units have new windows and front doors. The current owner has also updated 6 units with new kitchens, bathrooms and flooring.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T00:25:39.083. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/119987621
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    9571 , 9581 Maureen Drive Garden Grove, CA 92841

    • Price: $4,999,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: P1-6004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    1960
    Built
    Neighborhood:
    Other
    County:
    Orange
    Property Description
    A 16-unit garden style apartment located in the highly desirable City of Garden Grove, CA. This Orange County property has 2 separate buildings. Property constructed in 1960 on 21,780 square foot lot and has a total building(s) size of 12,614. Both 2 story garden style buildings have 8 apartments each and each apartment is 2 bedroom/1 bathroom. The secured entry asset offers a pool, two on site seller owned laundry facilities (one for each building) and dual driveways with 16 enclosed garages. The property is separately metered for gas, electric and each unit has its own separate water heater. Both buildings were newly stuccoed and all units have new windows and front doors. The current owner has also updated 6 units with new kitchens, bathrooms and flooring.
    Exterior Features

    Construction Materials Stucco Lot Features Sprinklers None Number Of Separate Electric Meters 18 Parking Total 16 Pool Features In Ground Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No

    Property Features

    Community Features Street Lights Fuel Expense 607 Garage YN Yes Gross Income 310800 Gross Scheduled Income 310800 Insurance Expense 5119 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 225292 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 2 Operating Expense 85508 Rent Control YN Yes Senior Community YN No Special Listing Conditions StandardTrust Trash Expense 5000 Water Sewer Expense 8541

    Listing provided courtesy of Constandinos Vagenas of Goldstone Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T00:25:39.083. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
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    El Cajon CA, 92021