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    9571 Maureen Drive

    Garden Grove, CA 92841
    • $4,999,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: P1-5501
    UPDATED: 35 min ago
    $4,999,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,614
      SQFT
    • $396
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    A 16-unit garden style apartment located in the highly desirable City of Garden Grove, CA. This Orange County property has 2 separate buildings. Property constructed in 1960 on 21,780 square foot lot and has a total building(s) size of 12,614. Both 2 story garden style buildings have 8 apartments each and each apartment is 2 bedroom/1 bathroom. The secured entry asset offers a pool, two on site seller owned laundry facilities (one for each building) and dual driveways with 16 enclosed garages. The property is separately metered for gas, electric and each unit has its own separate water heater. Both buildings were newly stuccoed and all units have new windows and front doors. The current owner has also updated 6 units with new kitchens, bathrooms and flooring.

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    Based on information from CRISNet MLS as of 2021-08-02T19:56:51.373. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T19:56:51.373. 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.theparsonsrealestateteam.com/homes/118873946
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    9571 Maureen Drive Garden Grove, CA 92841

    • Price: $4,999,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: P1-5501
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    12,614
    SQFT
    $396
    $/SQFT
    1960
    Built
    Neighborhood:
    Not Applicable
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    A 16-unit garden style apartment located in the highly desirable City of Garden Grove, CA. This Orange County property has 2 separate buildings. Property constructed in 1960 on 21,780 square foot lot and has a total building(s) size of 12,614. Both 2 story garden style buildings have 8 apartments each and each apartment is 2 bedroom/1 bathroom. The secured entry asset offers a pool, two on site seller owned laundry facilities (one for each building) and dual driveways with 16 enclosed garages. The property is separately metered for gas, electric and each unit has its own separate water heater. Both buildings were newly stuccoed and all units have new windows and front doors. The current owner has also updated 6 units with new kitchens, bathrooms and flooring.
    Exterior Features

    Levels Two Lot Features Sprinklers None Lot Size Area 21780.0000 Parking Total 16.00 View None View YN No

    Interior Features

    Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No

    Property Features

    Community Features Street Lights Gross Income 313800.00 Gross Scheduled Income 313800.00 Insurance Expense 5119.00 Land Lease YN No Laundry Income 1800.00 Net Operating Income 228292.00 New Taxes Expense 59988.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 2 Number Of Units Leased 16 Operating Expense 85508.00 Pool Features In Ground Pool Private YN No Property Attached YN Yes Rent Control YN Yes Senior Community YN No Spa Features None Spa YN No Special Listing Conditions StandardTrust Subdivision Name Other Not Applicable Total Expenses 25520.00 Trash Expense 5000.00 Water Sewer Expense 8541.00

    Listing provided courtesy of Constandinos Vagenas, CA DRE# , of Goldstone Group.


    Based on information from CRISNet MLS as of 2021-08-02T19:56:51.373. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-02T19:56:51.373. 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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