Address
12562 Keel Avenue Garden Grove, CA
Price
$ 1,850,000
Property Attributes
  • MLS#20612212
  • TypeIncome
  • CountyORANGE
  • CityGarden Grove
  • AreaSanta Ana North of First
  • Zip92843
  • Style
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
David Harrington with Matthews Real Estate Investment Services.
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 16% 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.

Price History
8/1/2020 Listed $1,900,000
10/16/2020 3% - $1,850,000

General Features

Carport Spaces 8.00
Directions The major cross streets are Westminster Ave, and Harbor Blvd. Also, the property is in close proximity to Shopping Centers, Restaurants, the 5 & 22 Freeways, Santa Ana College
Flooring Vinyl
Heating Wall Furnace
Listing Agent David Harrington - BRE#01320460
Listing Agent State License 01320460
MLS Area 70 - Santa Ana North of First
Parking Features Carport, Parking Space
Pool Features None
Spa Features None
Special Listing Conditions Standard
Total Units 8

Interior Features

Heating Y/N Yes
Total Stories 2
Window Features Double Pane Windows

Exterior Features

Lot Size Acres 0.2300
Lot Size Area 10038.0000
Lot Size Source Assessor
Lot Size Square Feet 10038.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Parking Y/N Yes
Total Parking 8.00

Amenities

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

Property vs Zip Code Average in 92843

Price
AVG $1.42M
$1.85M
Visits
AVG 34
161
Year Built
AVG 1942
1961
Walkscore
AVG 57
57
Data Provided by Walkscore ® not using MLS data

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