$1,850,000 12562 Keel Avenue Garden Grove, CA

MLS: 20612212   Type: Contingent   County: Orange   City: Garden Grove   Area: Santa Ana North Of First   Zip: 92843     Stories: 2

Mortgage $8,685 /mo



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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.

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Price History

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

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
Price Per Square Foot 366.34
Private Pool No
Senior Community Y/N No
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

Building Area Total 5050.00
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
Spa No
Total Parking 8.00

Property Schools

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Property vs Zip Code Avg (92843)

Price 1.85M Avg 741K

Sqr Feet 5,050 Avg 2,026

Cost / Sqr Ft $366 Avg $366

Acres 0.23 Avg 0.09

Visits 263 Avg 54

Days on Site 177 Avg 58

Walkscore® 57 Avg 57

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: David Harrington with Matthews Real Estate Investment Services.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA