9661 Maureen Drive, Garden Grove, CA 92841

$3,400,000
8,332
SqFt
List Price
$3,400,000
Status
ACTIVE
MLS#
PW19163056
Year Built
1958
Living Sq. Ft
8,332
Lot Size
19,144
Acres
0.4395
Lot Location
11-15 Units/Acre
Days on Market
8
Property Type
Multifamily
Stories
Two Level

Property Description

Welcome to The Alpine Garden Apartments, a 12-unit apartment investment opportunity located in the in-demand rental market of Garden Grove. Comprised of 100% 2-bedroom units, The Alpine Garden Apartments offers a majority of highly-desirable single-story units. The Alpine Garden Apartments are well maintained and have recently been upgraded with new windows. This investment opportunity is located within an "Opportunity Zone" offering a new Buyer special tax programs and benefits of being in a gentrifying location. The Alpine Apartments offers an investor an estimated 4% cash on cash return on current rents with a projected 24% of rental upside. Through interior upgrades, the new Buyer can realize a substantial increase in cash flow estimated to be upwards of 7%, an impressive return for a highly desirable apartment community. *"Opportunity Zone" Investment, *All 2-Bedroom Units, *Majority Single Story Units, *Garages, Individual Water Heaters, New Windows, *Fixed Rate Financing at 4% Available, *Projected 24% Upside in Rents

Additional Information

Tract Number
3264
Lot Description
Curbs, Sidewalks, Storm Drains, Street Lights
Pool Description
None
Garage Spaces Total
12
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
12

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rick Applebaum from Morgan Skenderian

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.