9602-9612 Alwood Ave - Apartments FOR SALE


Garden Grove, CA 92841
$4,800,000 USD
714-496-1100
9602-9612 Alwood Ave, Garden Grove, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/8
null | 4.87% Cap Rate

9602-9612 Alwood Ave
Garden Grove, CA 92841


HIGHLIGHTS

  • Two Adjacent Buildings, Each with 8 Units
  • 30% Potential Upside in Rents
  • 4.9% Cap Rate on Current Rents
  • Plumbing Has Been Upgraded
  • Great Rental Location Near the 22 Freeway

OVERVIEW

We are pleased to present the Alwood Garden Apartments, a well-maintained 16-unit apartment building consisting of two adjacent buildings with eight units each. The property boasts an open layout and is located in a great rental location near the 22 freeway. The current rents provide a 4.9% cap rate, with a 30% potential upside in rents. This presents a great opportunity for investors looking to increase their cash flow and equity. With the potential for higher rents and the property’s prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

16

PRICE/UNIT

$300,000

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alwood Garden

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R3

APN/PARCEL ID

133-091-30,133-091-31

ASK ABOUT THIS PROPERTY

James WardlawTriqor GroupMore Info
714-496-1100

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James WardlawTriqor GroupMore Info
714-496-1100

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