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12562 Keel AVE Garden Grove, CA 92843
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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,050 sqft
Price per Sqft $346
MLS Listing ID 20-612212
Sold Date 01/29/21
Bedrooms 8
Year Built 1961
Lot Size 10,038 Sqft
Acres 0.23
Property Sub-Type Multi-Family
Property Description
This is an opportunity to acquire an 8-unit apartment in Garden Grove. It has been very well-maintained by the owner and a pride of ownership for the last 20 years. This opportunity consists of eight one-bedroom one-bathroom units, and boasts updated windows, and updates added in the units kitchen and bathrooms. This property offers 16% rental upside with great asset security for any investor looking to own in the ever-growing market of Garden Grove. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. The property has on-site laundry facilities and includes 11 parking spaces, 8 carports, and 3 open parking spaces for tenants. The building is individually metered for electricity and is in an opportunity zone.
Location
State CA
County Orange
Area Santa Ana North Of First
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Wall
Cooling Ceiling Fan
Flooring Vinyl
Equipment Ceiling Fan, Dryer, Washer
Laundry Laundry Area
Exterior
Parking Features Carport, Parking Space
Garage Spaces 11.0
Pool None
Building
Story 2
Schools
School District Garden Grove Unified
Others
Special Listing Condition Standard
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Bought with Keller Williams Realty
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