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12102 Haster St
Garden Grove, CA 92840
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Long Term Tenants
- Units in this area are rarely on the market
- Value add opportunity to maximize rental income
Executive Summary
Nice 4-plex minutes from Disneyland, Angel Stadium and the Honda Center. Minutes from the 22 freeway. Property is well maintained & in good condition. One 3bdrm. 1.75 bath, two 2 bdrm. 1.75 bath and 1 bdrm. 1 bath. Each unit has its own enclosed garage. Three units are ground level entrances with fireplaces and private enclosed patios. Long term tenants. Rent are below market. Building rarely has a vacancy and units are easy to rent. Common laundry for additional income.
Seller has owned this property for many years and has long term tenants in place. Rents are below market and there is an opportunity for the right buyer / investor to maximize the rental upside for the this property.
Seller will be doing a 1031 exchange from this property.
Seller has owned this property for many years and has long term tenants in place. Rents are below market and there is an opportunity for the right buyer / investor to maximize the rental upside for the this property.
Seller will be doing a 1031 exchange from this property.
Property Facts
| Price Per Unit | $432,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.59% | Lot Size | 0.18 AC |
| Sale Condition | 1031 Exchange | Building Size | 10,556 SF |
| Gross Rent Multiplier | 15.7 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Zoning | R3, Garden Grove - Multiple-Family Residential | ||
| Price Per Unit | $432,250 |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,556 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | R3, Garden Grove - Multiple-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Family Room
- Freezer
- Vinyl Flooring
- Window Coverings
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,350 | - |
| 1+1 | 1 | $1,850 | - |
| 3+2 | 1 | $2,600 | - |
Property Taxes
| Parcel Number | 231-151-21 | Improvements Assessment | $189,392 |
| Land Assessment | $230,524 | Total Assessment | $419,916 |
Property Taxes
Parcel Number
231-151-21
Land Assessment
$230,524
Improvements Assessment
$189,392
Total Assessment
$419,916
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