9551-9561 Maureen Dr - Apartments FOR SALE


Garden Grove, CA 92841
$5,150,000 USD
714-713-9086
9551-9561 Maureen Dr, Garden Grove, CA for Sale
$5,150,000 USD
Apartments - FOR SALE
1/19
null | 5.01% Cap Rate

9551-9561 Maureen Dr
Garden Grove, CA 92841


HIGHLIGHTS

  • 16-unit Garden Grove apartment community featuring 100% two-bed/one-bath units
  • Two-building layout with a spacious central courtyard and on-site laundry
  • 16 garage spaces and 2 surface spaces providing functional resident parking
  • Recent improvements include SB-721 completion, roof replacement, decking replacement, electrical upgrades, and select interior upgrades
  • SB-721 completed in October 2025
  • Value-add opportunity through future interior renovations, common-area enhancements, and operational efficiencies

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 9551 - 9561 Maureen Drive, a 16-unit multifamily community located in Garden Grove, California. Situated on a 0.50-acre parcel, the asset totals approximately 13,520 net rentable square feet. The unit mix is composed entirely of two-bed/one-bath units, providing a desirable rental profile that is easy to manage and well-suited to the surrounding tenant base. The property consists of two buildings on one parcel, with community amenities including on-site laundry, a spacious central courtyard, and garage and surface parking. Parking is provided through 16 garage spaces and 2 surface spaces, offering ample parking options for residents. Ownership has completed several recent capital improvements and property upgrades, including SB-721 completion in October 2025, walkway decking replacement, gas line replacement at 9551, roof replacement, garage door installation, fascia repairs/repainting, electrical panel/subpanel upgrades, and select interior unit upgrades. These improvements address several exterior, structural, and building system items while helping reduce near-term capital expenditure exposure. Overall, 9551 - 9561 Maureen Drive offers a straightforward all two-bedroom unit mix, functional parking, a shared courtyard layout, and several completed capital improvements to major building systems. The completed improvements and remaining value-add opportunities position the property to benefit from future interior renovations, common-area enhancements, and operational efficiencies under new ownership. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

16

PRICE/UNIT

$321,875

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,693 SF

ZONING

R3, Garden Grove

APN/PARCEL ID

132-101-30

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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