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12072 Cole St 8 Unit Apartment Building $2,490,000 ($311,250/Unit) 5.39% Cap Rate Garden Grove, CA 92841
Investment Highlights
- Great Rental Area! 100% Occupied
- Laundry Room (Owned) / Garages for Each Unit!
- Huge Lot with Potential for ADU's
- Close to Shopping and Freeways
Executive Summary
Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to offer for sale this well-located property in the highly desirable rental market of Garden Grove. This asset provides a unit mix of large 1 bedroom units. The property is 100% occupied with true rental upside for a new owner to take advantage of and sits on a huge lot with the potential to add an ADU for additional income. There is also a laundry room (owned) and garages with street parking for each unit for tenants to enjoy.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$183,360
|
$24.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$183,360
|
$24.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,686
|
$6.38
|
| Net Operating Income |
$134,674
|
$17.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $183,360 |
| Annual Per SF | $24.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $183,360 |
| Annual Per SF | $24.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,686 |
| Annual Per SF | $6.38 |
| Net Operating Income | |
|---|---|
| Annual | $134,674 |
| Annual Per SF | $17.64 |
Property Facts
| Price | $2,490,000 | Apartment Style | Low-Rise |
| Price Per Unit | $311,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.39% | Building Size | 7,636 SF |
| Gross Rent Multiplier | 13.21 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | R3 - Multiple Family Residential | ||
| Price | $2,490,000 |
| Price Per Unit | $311,250 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 13.21 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,636 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R3 - Multiple Family Residential |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,910 | 639 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 133-091-19 | Improvements Assessment | $194,004 |
| Land Assessment | $205,693 | Total Assessment | $399,697 |
Property Taxes
Parcel Number
133-091-19
Land Assessment
$205,693
Improvements Assessment
$194,004
Total Assessment
$399,697
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12072 Cole St
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