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9602 Alwood Avenue

Garden Grove, CA 92841
  • $4,835,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: PW23148064
UPDATED: 197 min ago
$4,835,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
/
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Gary Tolfa of Triqor Group (949-756-3232)


Description

We are pleased to present the Alwood Garden Apartments, a well-maintained 16-unit apartment building consisting of two adjacent buildings with eight units each. The property boasts an open layout and is located in a great rental location near the 22 freeway. The current rents provide a 4.5% cap rate, with a 40% potential upside in rents. This presents a great opportunity for investors looking to increase their cash flow and equity. With the potential for higher rents and the propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142486307
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9602 Alwood Avenue Garden Grove, CA 92841

  • Price: $4,835,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 197 min ago
  • ID#: PW23148064
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1958
Built
Neighborhood:
/
County:
Orange
Area:
63 - Garden Grove S of Chapman, W of Euclid
Property Description
We are pleased to present the Alwood Garden Apartments, a well-maintained 16-unit apartment building consisting of two adjacent buildings with eight units each. The property boasts an open layout and is located in a great rental location near the 22 freeway. The current rents provide a 4.5% cap rate, with a 40% potential upside in rents. This presents a great opportunity for investors looking to increase their cash flow and equity. With the potential for higher rents and the propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.
Exterior Features

Entry Level 0 Entry Location / Lot Features Rectangular Lot Number Of Separate Electric Meters 17 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 332904 Gross Scheduled Income 343200 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 218488 New Construction YN No Number Of Separate Gas Meters 17 Number Of Separate Water Meters 2 Operating Expense 114416 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Gary Tolfa of Triqor Group (949-756-3232)