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11662 Stuart Drive

Garden Grove, CA 92843
  • $3,980,000
  • STATUS: Active
  • ON SITE: 263 Days
  • MLS #: AR24137900
UPDATED: 18 min ago
$3,980,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Margaret Lee of CBD Investment Inc. (626-566-2221) and Van Tuyet To of ()


Description

Location, location, location !! Well kept 16-unit multifamily investment property located in the heart of Garden Grove. Spanning a 0.43-acre lot, the property comprises 16 one-bedroom units, collectively offering 9,288 square feet of living area. The units are always fully leased, feature newer windows, sleek color front doors and approximately 10 units have been renovated with modern laminate wood flooring. The property provides gated access for added security, includes 10 garages and 6 carports with convenient alley access. Tenants can enjoy a spacious courtyard equipped with a BBQ area for entertaining. Additionally, there are 6 onsite laundry machines and 2 newer water heaters. Its highly convenient location makes this property an attractive option for both potential tenants and investors.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/152352370
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11662 Stuart Drive Garden Grove, CA 92843

  • Price: $3,980,000
  • Status: Active
  • On Site: 263 Days
  • Updated: 18 min ago
  • MLS #: AR24137900
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1960
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
Location, location, location !! Well kept 16-unit multifamily investment property located in the heart of Garden Grove. Spanning a 0.43-acre lot, the property comprises 16 one-bedroom units, collectively offering 9,288 square feet of living area. The units are always fully leased, feature newer windows, sleek color front doors and approximately 10 units have been renovated with modern laminate wood flooring. The property provides gated access for added security, includes 10 garages and 6 carports with convenient alley access. Tenants can enjoy a spacious courtyard equipped with a BBQ area for entertaining. Additionally, there are 6 onsite laundry machines and 2 newer water heaters. Its highly convenient location makes this property an attractive option for both potential tenants and investors.
Exterior Features

Carport Spaces 6 Carport YN Yes Entry Level 0 Entry Location 0 Lot Features Garden Number Of Separate Electric Meters 17 Parking Total 16 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Electric Expense 1100 Fuel Expense 0 Garage YN Yes Gross Income 303852 Gross Scheduled Income 303852 Insurance Expense 10810 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 223242 New Construction YN No New Taxes Expense 59963 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 1 Operating Expense 80610 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 7331 Water Sewer Expense 1406 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Margaret Lee of CBD Investment Inc. (626-566-2221) and Van Tuyet To of ()