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    12562 Keel Ave

    Garden Grove, CA 92843
    • $1,900,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 20-612212
    UPDATED: 20 min ago
    $1,900,000
    • 8
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,050
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    School District:

    Description

    This is an opportunity to acquire an 8-unit apartment in Garden Grove. It has been very well-maintained by the owner and a pride of ownership for the last 20 years. This opportunity consists of eight one-bedroom one-bathroom units, and boasts updated windows, and updates added in the units kitchen and bathrooms. This property offers 15% rental upside with great asset security for any investor looking to own in the ever-growing market of Garden Grove. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. The property has on-site laundry facilities and includes 11 parking spaces, 8 carports, and 3 open parking spaces for tenants. The building is individually metered for electricity and is in an opportunity zone.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T21:43:51.853. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/108451632
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    12562 Keel Ave Garden Grove, CA 92843

    • Price: $1,900,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 20-612212
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,050
    SQFT
    $376
    $/SQFT
    1961
    Built
    Neighborhood:
    Santa Ana North Of First
    County:
    Orange
    Area:
    Santa Ana North Of First
    School District:
    Garden Grove Unified
    Property Description
    This is an opportunity to acquire an 8-unit apartment in Garden Grove. It has been very well-maintained by the owner and a pride of ownership for the last 20 years. This opportunity consists of eight one-bedroom one-bathroom units, and boasts updated windows, and updates added in the units kitchen and bathrooms. This property offers 15% rental upside with great asset security for any investor looking to own in the ever-growing market of Garden Grove. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. The property has on-site laundry facilities and includes 11 parking spaces, 8 carports, and 3 open parking spaces for tenants. The building is individually metered for electricity and is in an opportunity zone.
    Exterior Features

    Carport Spaces Total 8 Cross Streets Westminster Ave And Harbor Blvd Lot Size Area 10038 Other Structures None Parking Garage CarportParking Space Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 11

    Interior Features

    Bathroom Features Shower And TubShower Over Tub Baths Total 8.00 Bedroom Features Walkincloset Cooking Appliances Built-In Gas Cooling Ceiling Fan Equipment WasherDryerCeiling Fan Flooring Vinyl Heating Wall Laundry Laundry Area Windows Double Pane Windows

    Property Features

    Assessed Total Value 485550 Gross Income 117216 Gross Operating Income 117000 Like Units1 8 Net Operating Income 78996.00 Number Of Buildings 1 Number Of Units 8 Owner Pays WaterGas Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityOther Total Annual Expense 38004 Type Of Units 1+1 Year Built Source Assessor

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T21:43:51.853. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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