13882 Clinton St - Apartments FOR SALE


Garden Grove, CA 92843
$14,000,000 USD
949-423-6111
13882 Clinton St, Garden Grove, CA for Sale
$14,000,000 USD
Apartments - FOR SALE
1/12
null | 5% Cap Rate

13882 Clinton St
Garden Grove, CA 92843


HIGHLIGHTS

  • First Time On Market - For Sale by Original Developer of Property
  • Assumable Financing Available - Current Loan May Be Assumable at 4.15% Interest Rate Fixed Until September 2027
  • All Three-Bedroom Floorplans with Private Patio or Balcony
  • 1985 Construction, ADU Potential
  • On-Site Playground & Laundry Room
  • Over $655,000 in Capital Improvements

OVERVIEW

Meadow Grove, a 33-unit multifamily investment opportunity, is being offered for sale by its original developer. Located in Garden Grove and comprised entirely of spacious three-bedroom units averaging 979 sq ft, this well-maintained, pride of ownership asset has been carefully operated with a long-term perspective and significant capital improvements. Meadow Grove was built in 1985 and presents multiple value-add opportunities including an ADU potential. Desirable tenant amenities include an on-site playground, laundry room and ample parking (2.61 Space per Unit).

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

33

PRICE/UNIT

$424,242

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meadow Grove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,445 SF

ZONING

-

APN/PARCEL ID

101-142-79

ASK ABOUT THIS PROPERTY

Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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