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El Centrico 9931 Central Ave 52 Unit Apartment Building $17,888,000 ($344,000/Unit) 4.70% Cap Rate Garden Grove, CA 92844
EXECUTIVE SUMMARY
WELCOME TO THE EL CENTRICO APTS, 52 UNITS IN A GREAT GARDEN GROVE LOCATION, (50) 2 BEDROOM + 1.75 BATH, (2) 3 BEDROOM + 1.75 BATH, PLUS (2) 1 BEDROOM + 1 BATH DETACHED NON PERMITTED UNITS! PROPERTY AMENITIES INCLUDE SECURED GATED ACCESS, SWIMMING POOL, 2 LAUNDY FACILITIES, ALL UNITS HAVE PRIVATE PATIOS, MOST DOWNSTAIRS UNITS HAVE A PRIVATE YARD AND PATIO, 52 GARAGES AND 52 SPACES, AND MUCH MORE! INDIVIDUAL ELECTRIC METERS FOR EACH UNIT AND FULLY PAID SOLAR FOR THE HOUSE ELECTRIC METER FOR LOW EXPENSES. HUGE UPSIDE ON RENTS AND NEW OWNER TO IMPLEMENT RUBS! CALL AGENT FOR AN OM!
PROPERTY FACTS In Escrow
| Price | $17,888,000 | Apartment Style | Low-Rise |
| Price Per Unit | $344,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.33 AC |
| Cap Rate | 4.70% | Building Size | 51,615 SF |
| Gross Rent Multiplier | 13.1 | No. Stories | 2 |
| No. Units | 52 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Garden Grove - Residential | ||
| Price | $17,888,000 |
| Price Per Unit | $344,000 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 13.1 |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.33 AC |
| Building Size | 51,615 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R3, Garden Grove - Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 50 | $2,200 | 995 |
| 3+2 | 2 | $2,200 | 1,271 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 098-531-19 | Improvements Assessment | $2,171,212 |
| Land Assessment | $3,630,174 | Total Assessment | $5,801,386 |
PROPERTY TAXES
Parcel Number
098-531-19
Land Assessment
$3,630,174
Improvements Assessment
$2,171,212
Total Assessment
$5,801,386
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El Centrico | 9931 Central Ave
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