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Cellini Apartments 9361 Cellini Ave 15 Unit Apartment Building $4,655,000 ($310,333/Unit) 5.10% Cap Rate Garden Grove, CA 92841
EXECUTIVE SUMMARY
Nestled in a desirable quiet pocket of Garden Grove, 9361 Cellini Avenue presents a rare opportunity for investors. This well-maintained 15-unit apartment building, extensively renovated in 2025, features 14 one-bedroom units and a single two-bedroom unit. All major building systems are in excellent condition, offering a turnkey investment. The property also features on-site garage parking and a vacant storage/laundry room, adding to its value. The property currently generates RUBS income across all leased units, and with a potential for a 10% increase in rents. This is an ideal addition to any investment portfolio, blending low maintenance operations with a strong income stream.
PROPERTY FACTS
| Price | $4,655,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.10% | Building Size | 9,521 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 86% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Zoning | R-3 - Multiple-Family Residential Zone | ||
| Price | $4,655,000 |
| Price Per Unit | $310,333 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Gross Rent Multiplier | 12 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 9,521 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2025 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | R-3 - Multiple-Family Residential Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Oven
- Carpet
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $1,882 | 575 - 650 |
| 2+1 | 1 | $2,495 | 850 |
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PROPERTY TAXES
| Parcel Number | 132-412-11 | Improvements Assessment | $231,751 |
| Land Assessment | $1,568,249 | Total Assessment | $1,800,000 |
PROPERTY TAXES
Parcel Number
132-412-11
Land Assessment
$1,568,249
Improvements Assessment
$231,751
Total Assessment
$1,800,000
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Cellini Apartments | 9361 Cellini Ave
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