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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 Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,978 sqft
Price per Sqft $502
MLS Listing ID CROC25080094
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 10,454 Sqft
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Corner Lot
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