$2,500,000
$2,400,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
0.53 Acres Lot
SOLD DATE : 03/25/2021
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID SR21008508
Sold Date 03/25/21
HOA Y/N No
Year Built 1957
Lot Size 0.527 Acres
Property Description
Presenting a rare opportunity to acquire an investment property on a very large lot in the city of Garden Grove. It is perfect for an investor looking to acquire a property to maximize its income potential or possible redevelopment. This 8-unit multifamily investment property is located in a diverse and rapidly developing community of Garden Grove in desirable metro Orange County. Situated on more than half acre lot, this 22,974 square foot property consists of 2 buildings (9801 & 9811 Russell) on the same parcel with an enclosed courtyard, 2 bedroom/1 bathroom floor plans, 8 assigned garage parking plus 8 exterior additional spaces, an on-site community coin-operated laundry room and generous sized storage rooms. Each unit is individually metered for gas and electric. Each unit has individual gas water heater. Well maintained and with countless improvements, this property commands pride of ownership. Long-term tenants and 100% occupied. With strong market trends and current rental demand, this property provides investors an opportunity to capitalize on the potential value appreciation. Don’t miss out on a fantastic opportunity to own this unique property! Drive by ONLY, do NOT disturb occupants.
Location
State CA
County Orange
Area 65 - N Of Blsa, S Of Ggrv, E Of Bch, W Of Brookhrs
Interior
Interior Features Bedroom on Main Level
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Parking Type Assigned
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 09821105
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Raeann Nguyen • Raeann Nguyen, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "