Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Marquis Apartment Homes, a 41-unit multifamily investment property located in Garden Grove, one of the strongest rental markets in Southern California. The Garden Grove submarket is among the strongest performing
areas in metro Orange County, with an average occupancy as of third quarter 2018, of 97.5 percent and average effective rent increases of 1.8 percent year-over-year since third quarter 2017. Marquis Apartment Homes offers investors the opportunity to capitalize on these strong market trends.
The Garden Grove submarket is among the strongest performing areas in metro Orange County, with an average occupancy as of third quarter 2018, of 97.5 percent and average effective rent increases of 1.8 percent year-over-year since third quarter 2017. Marquis Apartment Homes offers investors the opportunity to capitalize on these strong market trends.
Situated on a 1.33-acre lot, the 33,370 square foot property consists of one-bedroom and two-bedroom floor plans. Marquis Apartment Homes offers amenities including garage, open, and carport parking, private patios (select units), balconies (select units), and on-site laundry. Marquis Apartment Homes is just over one half mile from Garden Square Shopping Center providing residents with convenient access to their everyday needs.
Given the strong market dynamics and rental demand, as well as the property’s fantastic location, Marquis Apartment Homes is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.
