Presenting a rare opportunity to acquire an investment property on a very large lot in the city of Garden Grove. It is perfect for an investor looking to acquire a property to maximize its income potential or possible redevelopment. This 8-unit multifamily investment property is located in a diverse and rapidly developing community of Garden Grove in desirable metro Orange County. Situated on more than half acre lot, this 22,974 square foot property consists of 2 buildings (9801 & 9811 Russell) on the same parcel with an enclosed courtyard, 2 bedroom/1 bathroom floor plans, 8 assigned garage parking plus 8 exterior additional spaces, an on-site community coin-operated laundry room and generous sized storage rooms. Each unit is individually metered for gas and electric. Each unit has individual gas water heater. Well maintained and with countless improvements, this property commands pride of ownership. Long-term tenants and 100% occupied. With strong market trends and current rental demand, this property provides investors an opportunity to capitalize on the potential value appreciation. Don't miss out on a fantastic opportunity to own this unique property! Drive by ONLY, do NOT disturb occupants.
Off market
Zestimate®
$3,029,200
9801-9811 Russell Ave, Garden Grove, CA 92844
16beds
8baths
5,460sqft
MultiFamily
Built in 1957
-- sqft lot
$3,029,200 Zestimate®
$555/sqft
$2,428 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Wall
Cooling
- None
Appliances
- Laundry: Community
Features
- Flooring: Hardwood
- Common walls with other units/homes: 2+ common walls, No one above, No one below
Interior area
- Total interior livable area: 5,460 sqft
Property
Parking
- Total spaces: 2
Features
- Levels: One
Lot
- Size: 0.53 Acres
- Features: 6-10 Units/Acre
Details
- Parcel number: 09821105
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Garden Grove
Other
Other facts
- CommunityFeatures: Sidewalks
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- CommonWalls: 2+ common walls, No one above, No one below
- Levels: One
- PreviousStandardStatus: Active Under Contract
- ParkingFeatures: Assigned
- LotFeatures: 6-10 Units/Acre
- LaundryFeatures: Community
- RoomType: Main Floor Bedroom, Living Room, Kitchen
- MLSAreaMajor: S of GGrv, 65 - N of Blsa, E of Bch, W of Brookhrs
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- LotSizeSource: Assessor
- WaterSource: Public
- Flooring: Wood
- TaxTractNumber: na
- Sewer: Public Sewer
- StandardStatus: Pending
- Heating: Wall Furnace
- SeniorCommunityYN: 0
- ParcelNumber: 09821105
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Estimated market value
$3,029,200