9602 Alwood AveGarden Grove, CA 92841

Property Details for 9602 Alwood Ave

Year built

1958

Lot size

0.22 AC

Property size (Sq ft)

6,118 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

133-091-31

APU

13309131

Description

This exceptional investment opportunity presents a well-maintained 16-unit apartment building in Garden Grove, California. Comprising two adjacent buildings, each with eight units, this property offers a total of 12,234 square feet situated on a 20,101 square foot lot. Built in 1958, the property benefits from recently upgraded plumbing. The current rental income yields a 4.9% cap rate, with significant upside potential. Market analysis suggests a 30% increase in rental rates is achievable, significantly boosting cash flow and equity. The property's prime location near the 22 Freeway ensures strong tenant demand and consistent occupancy. This presents a compelling opportunity for investors seeking to capitalize on a high-growth market with a proven track record. The open layouts of the units are attractive to renters, and the two-building configuration offers operational efficiencies. The property's address is 9602 and 9612 Alwood Ave, Garden Grove, CA 92841, in Orange County. This is a turnkey investment ready for immediate income generation and future appreciation. The asking price for this multifamily property is $4,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,639,171

  6.5%

  $1,513,081

  7%

  $1,405,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,841,484

  Geo Method

  $1,841,484

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,081

  Hospitality

  $1,385,974

  Educational

  $1,153,114

  Medical

  $1,192,771

  Retail

  $1,793,733

Location Insight

City

Garden Grove

County

Orange

State

California

Latitude

33.7869

Longitude

-117.966

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].