12702 Morningside Avenue Garden Grove, CA $ 2,700,000
12702 Morningside Avenue
$ 2,700,000
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12702 Morningside Avenue

Garden Grove, CA, 92843
$ 2,700,000
Bedrooms12 Baths2.0 Sq 5,340

Monthly Estimate*

$ 18,860

Listed by Mark Bridge, Broker
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 1
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 2
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 3
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 4
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 5
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12702 Morningside Avenue, Garden Grove, CA 92843 - Image 7
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 8
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 9
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 10
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 11
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 12
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 13
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 14
12702 Morningside Avenue, Garden Grove, CA 92843 - Image 15

Multi-Family Home for sale in Garden Grove, CA

for $2,700,000 with 12 bedrooms and 2 full baths. This 5,340 square foot home was built in 1961 on a lot size of 0.24.

This well-located, recently renovated, turnkey eight-unit investment has immense building and curb appeal. The Morningside Apartments are located in Garden Grove next to a Northgate Market Shopping Center, a bustling Westminster Ave and Harbor Blvd intersection, and in between the 22 and 5 Freeways for easy access to greater Orange County. Built in 1961, the property had significant interior and exterior renovations in 2022-2023. The property is a two-story garden-style walk-up with a slightly pitched roof. There is an on-site laundry room and covered parking for tenants. The building was recently separately metered for electricity as well. Each of the units have had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new paved asphalt, new double-pane vinyl windows, and new wall air conditioning. Listing Agent has an interest in the property. These 8 units are centrally located close to Main Place Mall, The Outlets at Orange, Disneyland Resort, Disney California Adventure Park, Anaheim Marketplace, and Downtown Santa Ana. The property is less than a mile from many major retail centers and employment opportunities.

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Multi-Family Active

Price

$ 2,700,000

Bedrooms

12

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.24

Year Built

1961

Town/City

Garden Grove

County/Region

Orange

MLS | Web ID

OC24036686

Days on Market

85

Features
General
Interior Features QuartzCounters
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition
HOA 0.0
Garage Spaces 3.0
Pool Features None
Year Built 1961
Tenant Pays CableTV Electricity
Stories 2
Levels Two
Property SubType Apartment
Gross Income 201600.0
Community Features Curbs Gutters StormDrains StreetLights Suburban Sidewalks
County Orange
Net Operating Income 138571.0
Operating Expense 59381.0
Insurance Expense 3959.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Other
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Head West on Westminster Ave. Take a Right onto Buena St until you hit a dead end. Property will be on your Right.
City Garden Grove
Entry Location Front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
Total Units 8
MLS Area 70 - Santa Ana North of First
Lot Size Square Feet 10454.4
Private Pool N
Waterfront Y/N N
Carport Spaces 7.0
Carport Y/N Y
Street Name Morningside
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 2400.0
Home Warranty Y/N N
Current Financing None
Fuel Expense 4060.0
Trash Expense 3996.0
Water Sewer Expense 3792.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 76
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 85
Property Sub Type Additional Apartment
Taxes 31860.0
Cap Rate 5.13
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Exterior
Parking Features Assigned Garage
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 11.0
Lot Size Area 0.24
Number of Buildings 1
Spa N
Building Area Total 5340.0
Lot Size Acres 0.24
Road Surface Type Paved
Lot Size Units Acres
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 12702
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* Excluded Features
List By
Mark Bridge, Broker

Broker

(949) 372-4888

Phone

Affordability Calculator

$18,860
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,860
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$2,700,000 -2.17% Price Down
3/21/2024$2,760,000 -1.78% Price Down
3/1/2024$2,810,000 -1.06% Price Down
2/23/2024$2,840,000 Listed Price

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12702 Morningside Avenue, Garden Grove, CA, 92843 is a Multi-Family Home for sale at $2,700,000 with 5,340 sqft and a lot size of 0.24. 12702 Morningside Avenue has 12 bedrooms, 2.0 baths, and was built in 1961. The property's zip code is 92843 which is in Garden Grove, CA