12841-12879 Nutwood Street - Multi-Family FOR SALE


Garden Grove, CA 92840
$4,600,000 USD
714-616-0689
12841-12879 Nutwood Street, Garden Grove, CA for Sale
$4,600,000 USD
Multi-Family - FOR SALE
1/6
null | 4.31% Cap Rate

12841-12879 Nutwood Street
Garden Grove, CA 92840


HIGHLIGHTS

  • First Time on Market
  • (9) Single-Story One-Bedroom & (6) Two-Bedroom Units
  • Value-Add Asset - In-Place Rents are Approx. 32% Below Market
  • Recent Improvements - Brand New Subpanels (All 1B Units) & (5) Units Renovated - All with PEX Piping
  • On-Site Laundry Facilities (Machines Owned) & Each Unit Has Private Yard or Balcony
  • Desirable Garden Grove Location (Walk Score: 83)

OVERVIEW

Located on a larger lot (34,848 SF), 12841-12879 Nutwood Street is a 15-unit value-add multifamily investment opportunity. The property features single-story one-bedroom (1950's construction) & two-bedroom units (1986 construction)unit mix each with an enclosed private patio or balcony. Recent improvements include brand new subpanels in all one-bedroom units and (5) units renovated - all with PEX piping. The property sits near the major thoroughfare of Brookhurst St. & Garden Grove Blvd.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

15

PRICE/UNIT

$306,667

CAP RATE

4.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

089-672-09

ASK ABOUT THIS PROPERTY

714-616-0689

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

714-616-0689

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