12341 Lewis Street, Garden Grove, CA 92840

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Glen Henderson

[email protected] +1(619) 889-7646

$13,650,000

Est. payment - /mo

5 Beds

5 Baths

2.42 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25077191

Bedrooms 5

HOA Y/N No

Lot Size 2.420 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional,Exchange

Property Description

Garden Walk is a one of a kind 36-unit multifamily investment opportunity located in Garden Grove, CA. Located on the border of Anaheim, Garden Grove, and Orange, Garden Walk is uniquely placed in-close proximity of Orange Countys top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, the Honda Center, The Outlets at Orange, and UCI Medical Center, all of which are situated within 2 miles of the property. Furthermore, Garden Walks proximity to the Anaheim Regional Transportation Intermodal Center (ARTIC) and the 5, 57, and 22 Interchange provides residents with convenient access throughout Southern California. Garden Walk offers an attractive mix of one and two-bedroom units, of which 28 feature single-story construction and 8 feature two-story townhome construction. This diverse mix of floor plans helps Garden Walk appeal to a broad renter pool. The property, built in 1963 on a spacious 2.42-acre parcel offers a new owner the unique opportunity to take advantage of existing open and amenity space to add units via new construction and/or as accessory dwelling units (ADU), substantially increasing cashflow. Garden Walk features desirable amenities including gated access, a swimming pool with a spacious pool-side pavilion, two on-site laundry facilities, and ample carport and surface parking spaces. Additionally, each unit at the property features a spacious private patio, an in-demand amenity for rental units. In summary, Garden Walks fantastic location offers residents access to a variety of employment, transportation,
Garden Walk is a one of a kind 36-unit multifamily investment opportunity located in Garden Grove, CA. Located on the border of Anaheim, Garden Grove, and Orange, Garden Walk is uniquely placed in-close proximity of Orange Countys top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, the Honda Center, The Outlets at Orange, and UCI Medical Center, all of which are situated within 2 miles of the property. Furthermore, Garden Walks proximity to the Anaheim Regional Transportation Intermodal Center (ARTIC) and the 5, 57, and 22 Interchange provides residents with convenient access throughout Southern California. Garden Walk offers an attractive mix of one and two-bedroom units, of which 28 feature single-story construction and 8 feature two-story townhome construction. This diverse mix of floor plans helps Garden Walk appeal to a broad renter pool. The property, built in 1963 on a spacious 2.42-acre parcel offers a new owner the unique opportunity to take advantage of existing open and amenity space to add units via new construction and/or as accessory dwelling units (ADU), substantially increasing cashflow. Garden Walk features desirable amenities including gated access, a swimming pool with a spacious pool-side pavilion, two on-site laundry facilities, and ample carport and surface parking spaces. Additionally, each unit at the property features a spacious private patio, an in-demand amenity for rental units. In summary, Garden Walks fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, Garden Walk represents an attractive opportunity for a new owner seeking well located units.

Location

State CA

County Orange

Area Oc - Garden Grove (92840)

Zoning Assessor

Exterior

Pool Community/Common

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 2+ to 4 AC

Level or Stories 2 Story

Others

Monthly Total Fees $844

Acceptable Financing Cash, Conventional, Exchange

Space Rent $24,442

Listing Terms Cash, Conventional, Exchange

CFD/Mello-Roos Fee $10, 138

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Listed by Tyler Leeson • Marcus & Millichap RE Invest

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

12341 Lewis Street Garden Grove, CA 92840

Glen Henderson

Key Details

Location

Exterior

Building

Others

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