For Sale
$2,599,000

13052 Rockinghorse RdGarden Grove, CA 92843

8-unit, renovated apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8-unit apartment building presents a compelling investment opportunity in the desirable Garden Grove, California market. Boasting a 100% occupancy rate and a strong 5.34% cap rate based on a Net Operating Income (NOI) of $138,834, this property offers immediate cash flow. The property, situated on a 10,506 sq ft lot, comprises a single, two-story building totaling 4,978 net rentable square feet. Built in 1959 and extensively renovated in 2021, the property features eight one-bedroom units, each equipped with air conditioning and a private garage. The comprehensive renovation included new kitchens, bathrooms, flooring (vinyl plank), a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting, and new concrete throughout. A renovated laundry room with two owner-owned washers and dryers adds further value. A RUBs (renters utility billing) program is in place, contributing to lower operating expenses. The asking price is $2,599,000, translating to $324,875 per unit. The property is sold as-is

Highlights

  • Pride of Ownership; 100% Occupancy.
  • In-place RUBS program; all one-bedroom units.
  • All units fully renovated with new kitchens, bathrooms, and vinyl plank flooring.
  • Private garages for each unit; new roof.
  • On-site laundry room with two owner-owned washers and dryers.

Property Details for 13052 Rockinghorse Rd

Property type
Apartment buildings
Year Built/Renovated
1959/2021
Buildings
1
Stories
2
Units
8

Location Insight

City
Garden Grove
County
Orange
State
California
Latitude
33.7736421
Longitude
-117.9244796
13052 Rockinghorse Rd, Garden Grove, California

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13052 Rockinghorse Rd
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