12621 Morningside Ave - Apartments FOR SALE


Garden Grove, CA 92843
$2,599,000 USD
714-936-6969
12621 Morningside Ave, Garden Grove, CA for Sale
$2,599,000 USD
Apartments - FOR SALE
1/7
null | 5.69% Cap Rate

12621 Morningside Ave
Garden Grove, CA 92843


OVERVIEW

Nestled in the vibrant heart of Garden Grove, California, 12621 Morningside Ave presents an incredible investment opportunity. This charming 8-unit apartment complex combines both comfort and practicality, making it an appealing choice for tenants and investors alike. Each unit boasts a spacious and inviting layout, designed to maximize natural light through large windows—creating a warm and welcoming atmosphere. The property's prime location is a standout feature, offering residents convenient access to local attractions, shopping centers, restaurants, parks, and schools. Whether for families or professionals, this neighborhood provides the perfect blend of amenities and lifestyle convenience. All eight units are currently occupied by reliable tenants (Six Tenants are currently under Section 8 Housing), ensuring consistent rental income for investors. Additionally, the property has been meticulously managed, guaranteeing a smooth and hassle-free ownership experience. Opportunities like this in thriving Garden Grove are rare—don't let it slip away!

FOR SALE DETAILS

PRICE

$2,599,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

8

PRICE/UNIT

$324,875

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3, Garden Grove

APN/PARCEL ID

198-122-22

ASK ABOUT THIS PROPERTY

Tiffany NguyenADVANCE ESTATE REALTYMore Info
714-936-6969

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Tiffany NguyenADVANCE ESTATE REALTYMore Info
714-936-6969

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