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Key Details
Sold Price $1,338,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24175773
Sold Date 11/20/24
Bedrooms 5
HOA Y/N No
Lot Size 10,019 Sqft
Lot Dimensions 75' * 135'
Property Description
Opportunity to Own a 3-Unit Property in High-Demand Garden Grove! This 3-unit property is situated on an oversized 10,000 sqft lot, offering plenty of space for potential expansion. According to city regulations, there is room to build an 800 sqft 2-bed/2-bath ADU as a 4th unit. The large lot provides ample parking options. Current rental rates are still well below market value, presenting an excellent investment opportunity. The front building consists of Unit 1 (1 bed/1 bath) and Unit 2 (2 bed/2 bath). The second building features a 2-bed/2-bath unit with an attached 1-car garage and its own private backyard, perfect for tenants to enjoy gardening. Additionally, a detached 2-car garage is designated for the front units, providing 1 parking spot per unit. There are also 5 additional parking spaces available for all tenants, plus plenty of street parking if needed.
Opportunity to Own a 3-Unit Property in High-Demand Garden Grove! This 3-unit property is situated on an oversized 10,000 sqft lot, offering plenty of space for potential expansion. According to city regulations, there is room to build an 800 sqft 2-bed/2-bath ADU as a 4th unit. The large lot provides ample parking options. Current rental rates are still well below market value, presenting an excellent investment opportunity. The front building consists of Unit 1 (1 bed/1 bath) and Unit 2 (2 bed/2 bath). The second building features a 2-bed/2-bath unit with an attached 1-car garage and its own private backyard, perfect for tenants to enjoy gardening. Additionally, a detached 2-car garage is designated for the front units, providing 1 parking spot per unit. There are also 5 additional parking spaces available for all tenants, plus plenty of street parking if needed.
Location
State CA
County Orange
Area Oc - Garden Grove (92841)
Zoning Assessor
Exterior
Parking Features Unit1:Assigned
Building
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Monthly Total Fees $51
Acceptable Financing Land Contract
Space Rent $1,700
Listing Terms Land Contract
Financing Other/Remarks
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