Est. cap rate

3.1%

Assumed rent, all units

$9,160/mo

Units

4

Price per unit

$449,750

Est. annual NOI

$54,960

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,752 sqft

Lot size

9,583 sqft

Year built

1975

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

2

MLS #

246921410

About this property

Back to the market - Exceptional 4-unit Investment Property in the Heart of Garden Grove. Outstanding investment opportunity featuring 4 units with long-term tenants, including Section 8. The property consists of a single-story front unit and 3 additional units in the rear (2 upstairs and 1 downstairs). 3 of the units showcase catheral ceilings, desinger tile flooring, air conditioning, and granite countertops in the kitchens. The 4th unit features tile and wood laminate flooring. All units include window coverings, spacious living rooms with fireplaces, dining areas, 2 bedrooms and 1.5 bathrooms. The front unit offers a private courtyard patio and a covered side patio, while the downstairs rear unit boasts an expansive grassy yard with its own patio. Additional amenities include 2 shared two-car garages with roll-up doors, 2 guest parking spaces, and ample street parking. The building also provides a shared driveway, covered courtyard, laundry facility, landscaped grassy area, and 24 hours security camera monitoring. Prime location! Conveniently situated near Beach Blvd and Garden Grove Blvd. Just minutes from Little Saigon and Koreatown. Easy access to major freeways, restaurants, churches, schools, Rodeo 39, Walmart, H-Mart, Home Depot, Costco and Costco Business.

Location

12920 Sycamore Street

Garden Grove, Orange, CA, 92841