Bought with James Wardlaw
$4,650,000
$4,800,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
9602 9612 Alwood AVE Garden Grove, CA 92841
0.46 Acres Lot
Key Details
Sold Price $4,650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW25015142
Year Built 1958
Lot Size 0.461 Acres
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 4.9% cap rate, with a 30% 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 property's prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.
Location
State CA
County Orange
Area 63 - Garden Grove S Of Chapman, W Of Euclid
Interior
Laundry Laundry Area
Exterior
Garage Spaces 17.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Special Listing Condition Not Applicable
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