13052 Rockinghorse Rd Garden Grove, CA 92843

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