Skip To Content

9602 Alwood Avenue

Garden Grove, CA 92841
  • $4,835,000
  • STATUS: ACTIVE
  • ON SITE: 113 Days
  • ID#: PW23148064
UPDATED: 41 min ago
$4,835,000
  • 3
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

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 4.5% cap rate, with a 40% 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 propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio. 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 4.5% cap rate, with a 40% 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 propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/142487620
Print Image

9602 Alwood Avenue Garden Grove, CA 92841

  • Price: $4,835,000
  • Status: ACTIVE
  • On Site: 113 Days
  • Updated: 41 min ago
  • ID#: PW23148064
3
Beds
0
Baths
0
½ Baths
0.46
Acres
Neighborhood:
Oc - Garden Grove (92841)
County:
Orange
Area:
Oc - Garden Grove (92841)
Property Description
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 4.5% cap rate, with a 40% 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 propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio. 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 4.5% cap rate, with a 40% 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 propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Annual Expense Actual 114416 Buildings 2 Cfd Mello Roos Fee 2221.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 343200 Monthly Total Fees 185 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1645.0 Unit2 Rent Actual 1975.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Gary Tolfa of Triqor Group: 949-756-3232. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_305995007-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_305995007-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_305995007-1.jpg
Logo
Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
7910 Girard Ave Ste 9
La Jolla CA, 92037