12536 Adelle St - Apartments FOR SALE


Garden Grove, CA 92841
$3,070,000 USD
213-864-2862
12536 Adelle St, Garden Grove, CA for Sale
$3,070,000 USD
Apartments - FOR SALE
1/15
null | 5.79% Cap Rate

12536 Adelle St
Garden Grove, CA 92841


HIGHLIGHTS

  • All 2- and 3-Bedroom Units with washer/dryer hookups
  • Single-Story Construction
  • Situated on a large 21,895 sq. ft. lot
  • Great Parking ~ 1-2 Car Garage, 6 carports and 11 open, with room to add more
  • Value-add opportunity with upside in rents - 7.76% Pro-Forma CAP
  • ADU Potenital

OVERVIEW

This value-add multifamily property features all 2- and 3-bedroom units, each with washer/dryer hookups, and desirable single-story construction that appeals to a wide tenant base. Situated on a large 21,895 square foot lot, the property spans street-to-street from Adelle Street to Lorna Street, offering excellent accessibility and potential for future development. Parking is abundant, with a 2- Car Garage, 6 covered carports and 11 open spaces. Investors will appreciate the opportunity to increase rental income, with significant upside in rents and a projected 7.76% pro forma CAP rate. Additionally, the expansive lot presents potential for ADU development, further enhancing long-term income potential.

FOR SALE DETAILS

PRICE

$3,070,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

9

PRICE/UNIT

$341,111

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nine (9) Single Story Units in Garden Grove

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,895 SF

ZONING

R3

APN/PARCEL ID

215-102-06

ASK ABOUT THIS PROPERTY

Patrick SwansonStream Realty Partners, LPMore Info
213-864-2862

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Patrick SwansonStream Realty Partners, LPMore Info
213-864-2862

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