Address
11761 Stuart Drive Garden Grove, CA
Price
$ 3,200,000
Property Attributes
  • MLS#OC21039894
  • TypePending
  • CountyORANGE
  • CityGarden Grove
  • Zip92843
  • Style
  • Price$ 3,200,000
  • Bedrooms17
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Mark Bridge with Mark Bridge, Broker.
Data Source:
CRMLS
Property Description

This turn-key 10 unit multifamily investment is located on Stuart Drive in the City of Garden Grove, California. The asset offers 7 - 2 Bed / 1 Bath units and 3 - 1 Bed / 1 Bath units. The building was built in 1958 and significantly remodeled in 2020. The exterior remodel includes: new windows, new garage doors, new garage door beams, new exterior paint and stucco, new interior courtyard concrete and 14ft x 18ft gazebo, new access gate, new exterior lighting, railing updated to code, new stairs, new walkway deck coating, new landscaping, new main hot water heater, and two new washing machines. The interior remodel includes: new cabinets and countertops in all 10 units, new air conditioning units in all 10 units, new security screen doors on all 10 units, new flooring in 6 units, and new interior paint and texture in 5 units. There is an owners utility closet in the courtyard, and all four laundry machines are owned by owner (2 Washers / 2 Dryers). Tenants have garage parking and there is room to add a BBQ and benches under the gazebo in the courtyard. The property is separately metered for gas and electricity. This property is in a nice central Garden Grove location right near major retail, educational, and employment opportunities. The property is conveniently located close to CA-22 Freeway, allowing tenants to connect with the greater California region and beyond.

Price History
3/10/2021 Listed $3,250,000
4/22/2021 2% - $3,200,000

General Features

Community Features Curbs, Gutter(s), Street Lights, Suburban, Sidewalks
Cooling Wall/Window Unit(s)
Garage Spaces 10
Garage Y/N Yes
Heating Natural Gas, Wall Furnace
Levels Two
Listing Agent Mark Bridge - BRE#01316702
Listing Agent State License 01316702
MLS Area 699 - Not Defined
Open Parking Spaces 1
Other Structures Gazebo
Parking Features Assigned, Garage
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Wood
Sewer Public Sewer
Special Listing Conditions Standard
Stories 2
Terms Cash to New Loan
Total Actual Rent 18300
Total Units 10
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Sewer Expense 6428
Zoning R3

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.28
Lot Size Area 0.28
Lot Size Source Assessor
Lot Size Square Feet 12197
Lot Size Units Acres
Number of Buildings 1
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Number of Separate Water Meters 1
Total Parking 11
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 92843

Price
AVG $890K
$3.2M
Visits
AVG 50
48
Year Built
AVG 1969
1958
Walkscore
AVG 70
79
Data Provided by Walkscore ® not using MLS data

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