12702 Morningside Ave - Apartments FOR SALE


Garden Grove, CA 92843
$2,760,000 USD
949-372-4888
12702 Morningside Ave, Garden Grove, CA for Sale
$2,760,000 USD
Apartments - FOR SALE
1/15
null | 5% Cap Rate

12702 Morningside Ave
Garden Grove, CA 92843


HIGHLIGHTS

  • Well-Located, Turnkey Investment with Good Curb Appeal, Covered Parking, Pitched Roof, and On-Site Laundry
  • All Units Have Been Renovated to Varying Degrees, Ranging from New Flooring, New Quartz Countertops, Refaced Cabinets, New Lighting,
  • New Kitchen and Bath Sinks, New Stovetop Ovens and Hoods, and New Paint
  • Major Exterior Renovation in 2022-2023 Includes: New Paint and Stucco, Newly Paved Asphalt Parking, New Double-Pane Vinyl Windows, and New Wall A/C
  • Located Close to Main Place Mall, The Outlets at Orange, Disneyland Resort, California Adventure Park, and Anaheim Marketplace
  • Also Close to Clinton Elementary School, Leroy Doig Intermediate School, Santiago High School, Santa Ana College, and Hazard Elementary School

OVERVIEW

The Bridge Multifamily Team at Cushman & Wakefield is pleased to present 12702 Morningside Ave, located in Garden Grove, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to a Northgate Market Shopping Center, a busy Westminster Ave and Harbor Blvd intersection, and in between the 22 and 5 Freeways. Built in 1961, the property had signi?cant interior and exterior renovations in 2022-2023. The property is a two-story garden-style walk-up with a slightly pitched roof. There is an on-site laundry room and covered parking for tenants. The building was recently separately metered for electricity as well. Each of the units have had recent interior renovations ranging from new ?ooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent signi?cant renovation completed, including new stucco and paint, new paved asphalt, new double-pane vinyl windows, and new wall air conditioning. These 8 units are centrally located in between the 22 and 5 Freeways with easy access to all of Orange County. They are close to Main Place Mall, The Outlets at Orange, Disneyland Resort, Disney California Adventure Park, Anaheim Marketplace, and Downtown Santa Ana. The property is less than a mile from many major retail centers and employment opportunities.

FOR SALE DETAILS

PRICE

$2,760,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

8

PRICE/UNIT

$345,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3

APN/PARCEL ID

198-123-15

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at Cushman & WakefieldMore Info
949-372-4888

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Mark BridgeThe Bridge Multifamily Team at Cushman & WakefieldMore Info
949-372-4888

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