12501 Orrway Dr - Apartments FOR SALE


Garden Grove, CA 92841
$1,750,000 USD
909-731-1969
12501 Orrway Dr, Garden Grove, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

12501 Orrway Dr
Garden Grove, CA 92841


HIGHLIGHTS

  • Excellent Garden Grove Location – Situated in a well-established residential neighborhood
  • Unit Mix – Four-unit apartment community consisting of three (3) two-bedroom units and one (1) three-bedroom unit
  • Potential Interior Renovations and Increased Revenue

OVERVIEW

Martinez and Associates are pleased to present 12501 Orr Way, a 4-unit multifamily investment property located in Garden Grove, California. Situated in a desirable central Garden Grove neighborhood, the property provides residents with convenient access to an abundance of shopping, dining, and entertainment options throughout the surrounding area. The property is ideally located near many of Orange County's premier employment and entertainment destinations Garden Grove Boulevard, Historic Main Street, Costco, baster Basin Recreational Park, Garden Grove Park, and SteelCraft Garden Grove, while offering convenient access to State Route 22 and Interstate 5 for commuting throughout Orange County. 12501 Orr Way presents a compelling value-add investment opportunity with significant upside through interior renovations. The property's spacious unit mix of three two-bedroom units and one three-bedroom unit appeals to a broad tenant base while providing investors the opportunity to modernize the interiors and increase rental income. Similar renovated apartment communities throughout Garden Grove have demonstrated strong tenant demand and achieved premium rental rates with upgrades including quartz countertops, white shaker-style cabinetry, luxury vinyl plank flooring, recessed lighting, modern appliances, updated kitchens and bathrooms, contemporary fixtures, and other interior improvements.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

131-591-10

ASK ABOUT THIS PROPERTY

Andrew IrvineMartinez & AssociatesMore Info
909-731-1969

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Andrew IrvineMartinez & AssociatesMore Info
909-731-1969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.