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10422 Bonnie Dr - Garden Grove Duplex 2 Unit Apartment Building Offered at $1,349,000 Garden Grove, CA 92843
INVESTMENT HIGHLIGHTS
- PRICE REDUCED $100,000
- Single Story Units
- Private Patios and Yards
- New Roof Installed 2025
- Ample Off-Street Parking
EXECUTIVE SUMMARY
PRICE REDUCED $100,000
Discover a rare chance to own a well-maintained, income-producing duplex in the heart of Garden Grove. This single-story property features two spacious units: a 3BR/2BA residence with a two-car garage, to be delivered vacant, and a 2BR/1BA residence with a one-car garage—both with private yards offering outdoor space that tenants love.
Both units are separately metered and are currently occupied by month-to-month tenants, giving investors the flexibility of reliable cash flow or repositioning for even higher future rents. Recent capital improvements, including a new roof, provide peace of mind and reduced near-term maintenance costs.
Centrally located near shopping, dining, and major freeways, the property offers excellent access to employment hubs throughout Orange County. Garden Grove’s tight rental market and steady tenant demand make this duplex an ideal long-term hold or 1031 exchange
replacement property.
Discover a rare chance to own a well-maintained, income-producing duplex in the heart of Garden Grove. This single-story property features two spacious units: a 3BR/2BA residence with a two-car garage, to be delivered vacant, and a 2BR/1BA residence with a one-car garage—both with private yards offering outdoor space that tenants love.
Both units are separately metered and are currently occupied by month-to-month tenants, giving investors the flexibility of reliable cash flow or repositioning for even higher future rents. Recent capital improvements, including a new roof, provide peace of mind and reduced near-term maintenance costs.
Centrally located near shopping, dining, and major freeways, the property offers excellent access to employment hubs throughout Orange County. Garden Grove’s tight rental market and steady tenant demand make this duplex an ideal long-term hold or 1031 exchange
replacement property.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$65,160
|
$19.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,721
|
$0.52
|
| Effective Gross Income |
$63,439
|
$19.15
|
| Taxes |
$17,668
|
$5.33
|
| Operating Expenses |
$7,674
|
$2.32
|
| Total Expenses |
$25,342
|
$7.65
|
| Net Operating Income |
$38,097
|
$11.50
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $65,160 |
| Annual Per SF | $19.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,721 |
| Annual Per SF | $0.52 |
| Effective Gross Income | |
|---|---|
| Annual | $63,439 |
| Annual Per SF | $19.15 |
| Taxes | |
|---|---|
| Annual | $17,668 |
| Annual Per SF | $5.33 |
| Operating Expenses | |
|---|---|
| Annual | $7,674 |
| Annual Per SF | $2.32 |
| Total Expenses | |
|---|---|
| Annual | $25,342 |
| Annual Per SF | $7.65 |
| Net Operating Income | |
|---|---|
| Annual | $38,097 |
| Annual Per SF | $11.50 |
PROPERTY FACTS
| Price | $1,349,000 | Lot Size | 0.16 AC |
| Price Per Unit | $674,500 | Building Size | 3,313 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Apartment Style | Garden | Parking Ratio | 2.95/1,000 SF |
| Price | $1,349,000 |
| Price Per Unit | $674,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.16 AC |
| Building Size | 3,313 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 2.95/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Range
- Yard
- Deck
- Dining Room
- Family Room
- Garden
SITE AMENITIES
- Fenced Lot
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,250 | 1,113 |
| 2+1 | 1 | $2,180 | 918 |
1 1
Walk Score®
Very Walkable (80)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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10422 Bonnie Dr - Garden Grove Duplex
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