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9371 Cellini Ave 8 Unit Apartment Building $2,495,000 ($311,875/Unit) 5.54% Cap Rate Garden Grove, CA 92841
INVESTMENT HIGHLIGHTS
- 5.6% Cap Rate on Current Rents
- Garage Parking
- 10% Rental upside
- Turnkey Investment
EXECUTIVE SUMMARY
Nestled in a desirable quiet pocket of Garden Grove, 9371 Cellini Avenue presents a rare opportunity for investors. This well-maintained 8-unit apartment building, extensively renovated in 2025, features seven 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 | $2,495,000 | Property Subtype | Apartment |
| Price Per Unit | $311,875 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.54% | Lot Size | 0.22 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,995 SF |
| Gross Rent Multiplier | 12.88 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Price | $2,495,000 |
| Price Per Unit | $311,875 |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.88 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 4,995 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1960 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Carpet
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,894 | 650 |
| 2+1 | 1 | $2,495 | 900 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $475,228 | |
| Land Assessment | $3,424,772 | Total Assessment | $3,900,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,424,772
Improvements Assessment
$475,228
Total Assessment
$3,900,000
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9371 Cellini Ave
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