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10422 Bonnie Dr - Garden Grove Duplex 2 Unit Apartment Building Offered at $1,249,000 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 Improvement – Duplex Repositioned for Immediate Market Response
The property has been repositioned with a recent price improvement to better reflect current buyer demand. This duplex offers stable income, a straightforward operating profile, and future upside through rent growth.
Located in a desirable Garden Grove submarket with limited comparable inventory, the new pricing presents a clear opportunity for investors seeking long-term value.
The property has been repositioned with a recent price improvement to better reflect current buyer demand. This duplex offers stable income, a straightforward operating profile, and future upside through rent growth.
Located in a desirable Garden Grove submarket with limited comparable inventory, the new pricing presents a clear opportunity for investors seeking long-term value.
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 |
$15,310
|
$4.62
|
| Operating Expenses |
$7,674
|
$2.32
|
| Total Expenses |
$22,984
|
$6.94
|
| Net Operating Income |
$40,455
|
$12.21
|
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 | $15,310 |
| Annual Per SF | $4.62 |
| Operating Expenses | |
|---|---|
| Annual | $7,674 |
| Annual Per SF | $2.32 |
| Total Expenses | |
|---|---|
| Annual | $22,984 |
| Annual Per SF | $6.94 |
| Net Operating Income | |
|---|---|
| Annual | $40,455 |
| Annual Per SF | $12.21 |
Property Facts Under Contract
| Price | $1,249,000 | Lot Size | 0.16 AC |
| Price Per Unit | $624,500 | Building Size | 2,031 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 | $1,249,000 |
| Price Per Unit | $624,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.16 AC |
| Building Size | 2,031 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
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 099-063-12 | Total Assessment | $446,404 (2025) |
| Land Assessment | $319,371 (2025) | Annual Taxes | $15,310 ($7.54/SF) |
| Improvements Assessment | $127,033 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
099-063-12
Land Assessment
$319,371 (2025)
Improvements Assessment
$127,033 (2025)
Total Assessment
$446,404 (2025)
Annual Taxes
$15,310 ($7.54/SF)
Tax Year
2024
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10422 Bonnie Dr - Garden Grove Duplex
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