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9661 Maureen Drive, Garden Grove, CA

$3,400,000 - $3.4M Price - 8,332 Sqft - .44 Acres - 8 DOM

Welcome to The Alpine Garden Apartments, a 12-unit apartment investment opportunity located in the in-demand rental market of Garden Grove. Comprised of 100% 2-bedroom units, The Alpine Garden Apartments offers a majority of highly-desirable single-story units. The Alpine Garden Apartments are well maintained and have recently been upgraded with new windows. This investment opportunity is located within an "Opportunity Zone" offering a new Buyer special tax programs and benefits of being in a gentrifying location. The Alpine Apartments offers an investor an estimated 4% cash on cash return on current rents with a projected 24% of rental upside. Through interior upgrades, the new Buyer can realize a substantial increase in cash flow estimated to be upwards of 7%, an impressive return for a highly desirable apartment community. *"Opportunity Zone" Investment, *All 2-Bedroom Units, *Majority Single Story Units, *Garages, Individual Water Heaters, New Windows, *Fixed Rate Financing at 4% Available, *Projected 24% Upside in Rents

Essential Information

For 9661 Maureen Drive, Garden Grove, CA
  • MLS® # PW19163056
  • Price $3,400,000
  • Bathrooms 0.00
  • Square Footage 8,332
  • Acres 0.44
  • Year Built 1958
  • Type Residential Income
  • Status Active

Community Information

For 9661 Maureen Drive, Garden Grove, CA
  • Address 9661 Maureen Drive
  • Area Wrigley Area (5)
  • City Garden Grove
  • County Orange
  • State CA
  • Zip Code 92841

Amenities

For 9661 Maureen Drive, Garden Grove, CA
  • Parking Spaces 16

Interior

For 9661 Maureen Drive, Garden Grove, CA
  • # of Stories 2
  • Stories Two

Exterior

For 9661 Maureen Drive, Garden Grove, CA
  • Lot Description 11-15 Units/Acre

Additional Information

For 9661 Maureen Drive, Garden Grove, CA
  • Date Listed July 10th, 2019
  • Days on Market 8

Listing Details

For 9661 Maureen Drive, Garden Grove, CA
  • Agent Rick Applebaum(01273871)
  • Office Morgan Skenderian

Based on information from California Regional Multiple Listing Service, Inc. as of July 19th, 2019 at 4:55pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.