12611 Morningside Avenue Garden Grove, CA $ 2,575,000
12611 Morningside Avenue
$ 2,575,000
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12611 Morningside Avenue

Garden Grove, CA, 92843
$ 2,575,000
Bedrooms12 Baths8.0 Sq 5,337

Monthly Estimate*

$ 17,987

Listed by Superior Real Estate Group
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 1
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 2
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 3
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 4
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 5
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 6
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 7
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 8
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 9
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 10
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 11
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 12
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 13
12611 Morningside Avenue, Garden Grove, CA 92843 - Image 14

Multi-Family Home for sale in Garden Grove, CA

for $2,575,000 with 12 bedrooms and 8 full baths. This 5,337 square foot home was built in 1961 on a lot size of 0.2231.

Great Apartment Opportunity in the heart of GARDEN GROVE City. HIGHEST CAP RATE in GARDEN GROVE! Property in excellent condition. Four of 8 units are 1bed/1bath, and Four of 8 units are 2beds/ 1bath. Most of 8 units fully renovated in turnkey condition.Property is well maintained. Units include: tile, newer kitchen cabinet, new appliances, new fixtures, new outlets, newer bathroom, kitchen countertops. All of 8 units Long term Section 8 tenants. Rental income is accurate & guarantee every month!

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Multi-Family Active

Price

$ 2,575,000

Bedrooms

12

Full Bath

8

Property Type

Multi-Family

Taxes

$ 18,141

Style

Apartment

Lot Size

0.2231

Year Built

1961

Town/City

Garden Grove

County/Region

Orange

MLS | Web ID

PW24088945

Days on Market

16

Features
General
Interior Features BlockWalls
Sewer PublicSewer
Heating WallFurnace
Cooling None
Utilities ElectricityAvailable NaturalGasConnected SewerConnected WaterConnected
Possession ClosePlus1Day CloseOfEscrow
Roof Flat
Appliances ConvectionOven GasOven GasRange
HOA 0.0
Garage Spaces 0.0
Pool Features None
Exclusions Washer & Dryer is exclusive
Year Built 1961
Electric ElectricityOnBond
Tenant Pays Electricity Gas
View None
Stories 2
Levels Two
Property SubType Apartment
Gross Income 137628.0
Community Features StreetLights
County Orange
Net Operating Income 137508.0
Operating Expense 52068.0
Insurance Expense 5263.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Buyers cooperate with sellers 1031 exchange with no cost to Buyers
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Westminster & Clinton
City Garden Grove
Entry Location 3
View Y/N N
Senior Community Y/N N
Open Parking Spaces 4.0
Total Units 8
MLS Area 66 - N of Blsa S of GGrv E of Brookhrst W of Ha
Lot Size Square Feet 9718.0
Private Pool N
Waterfront Y/N N
Carport Spaces 8.0
Carport Y/N Y
Street Name Morningside
Listing Terms Cash CashtoNewLoan Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 18141.0
Electric Expense 480.0
Home Warranty Y/N N
Fuel Expense 4800.0
Trash Expense 3567.1
Water Sewer Expense 4069.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 63
Property Sub Type Additional Apartment
Expected Active Date 2024-05-03
Taxes 30803.0
Cap Rate 5.34
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Interior
Flooring Tile
Fireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Assigned
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 12.0
Lot Size Area 9718.0
Number of Buildings 1
Spa N
Building Area Total 5337.0
Lot Size Acres 0.2231
Lot Size Units SquareFeet
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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Internal Only
Street Number 1 12611
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* Excluded Features
List By
Superior Real Estate Group

Broker

(714) 895-2222

Phone

Affordability Calculator

$19,499
Per Month
92%
8%
0%
Monthly Principal & Interest
$17,987
Monthly Property Taxes
$1,512
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$2,575,000 Listed Price

Map


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12611 Morningside Avenue, Garden Grove, CA, 92843 is a Multi-Family Home for sale at $2,575,000 with 5,337 sqft and a lot size of 0.2231. 12611 Morningside Avenue has 12 bedrooms, 8.0 baths, and was built in 1961. The property's zip code is 92843 which is in Garden Grove, CA