9661-9671 Maureen Dr - Apartments FOR SALE


Garden Grove, CA 92841
$4,725,000 USD
714-713-9086
9661-9671 Maureen Dr, Garden Grove, CA for Sale
$4,725,000 USD
Apartments - FOR SALE
1/18
null | 5% Cap Rate

9661-9671 Maureen Dr
Garden Grove, CA 92841


HIGHLIGHTS

  • Turnkey 12-unit multifamily asset with extensive 2025 renovations
  • All 2 Bed/1 Bath units offering broad and consistent rental appeal
  • Three vacant units providing immediate lease-up at market rents
  • Desirable layout with a mix of single-story units and a two-story building with garages
  • Many units offer no neighbors above or below, enhancing privacy and livability
  • Garages (12 spaces) and surface (4 spaces) on a spacious 0.44-acre parcel

OVERVIEW

The Leeson Group is pleased to present the opportunity to acquire 9661 - 9671 Maureen Drive, a heavily renovated 12-unit multifamily community located in Garden Grove, California. Constructed in 1958 and extensively renovated in 2025, the property features a desirable unit mix of 12 two-bed/one-bath units across a combination of single-story buildings and a two-story structure with ground-level garages, offering units with no neighbors above or below. Ownership has completed a comprehensive renovation program across all units, with improvements ranging from upgraded flooring, fixtures, and fresh interior paint to fully renovated unit interiors. Multiple units have already achieved market-leading rents for comparable properties in the area, demonstrating strong in-place income. Currently, three units are vacant, providing immediate upside for a new owner to lease at market rents from day one or implement additional upgrades to further enhance rental income. The property sits on a 0.44-acre parcel and offers a strong parking ratio with 12 single-car garages and 4 surface spaces, along with on-site laundry, security doors, and a central courtyard that supports tenant appeal and retention. 9661 - 9671 Maureen Drive represents a compelling opportunity to acquire a renovated asset with proven rental performance and immediate income upside. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$4,725,000 USD

PRICE/SF

$567 USD /SF

# OF UNITS

12

PRICE/UNIT

$393,750

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R3, Garden Grove

APN/PARCEL ID

132-101-14

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.