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14052 Buena Street

Garden Grove, CA 92843
  • $1,600,000
  • STATUS: Closed
  • ON SITE: 36 Days
  • ID#: SB22188445
Sold - 10/05/2022
$1,600,000
SOLD - 10/05/2022
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Jignesh Patel of Realty One Group United (310-356-0940)


Description

Great Investment Opportunity in the City of Garden Grove!! 4-unit Apartment building near Disneyland, Beaches, John Wayne airport, and Freeways. The property features a great unit mix consisting of (4) 2-bed/1.5bath townhome style units. Two units have their own patio with entrance. Sellers have completed many upgrades to the property including new exterior paint, Roof, and changed 2 central heating units. There are 6 shared parking spots and 4-single car garages in the back of the building that could be potentially converted to an ADU(buyer to verify with city of Garden Grove if possible). Each unit is individual metered for electricity and gas. 2 of the existing tenants lease expires 9/1/2022, the other 2 tenants lease expire 10/1/2022 , and all are current on their rent. Don't miss out on this great investment property with great potential for any investor to add to their portfolio. This one will move fast!!!

Sold by Charles Lee of One Group Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/132629637
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14052 Buena Street Garden Grove, CA 92843

  • Price: $1,550,000
  • Status: Closed
  • On Site: 36 Days
  • Updated: 111 min ago
  • ID#: SB22188445
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1961
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
Great Investment Opportunity in the City of Garden Grove!! 4-unit Apartment building near Disneyland, Beaches, John Wayne airport, and Freeways. The property features a great unit mix consisting of (4) 2-bed/1.5bath townhome style units. Two units have their own patio with entrance. Sellers have completed many upgrades to the property including new exterior paint, Roof, and changed 2 central heating units. There are 6 shared parking spots and 4-single car garages in the back of the building that could be potentially converted to an ADU(buyer to verify with city of Garden Grove if possible). Each unit is individual metered for electricity and gas. 2 of the existing tenants lease expires 9/1/2022, the other 2 tenants lease expire 10/1/2022 , and all are current on their rent. Don't miss out on this great investment property with great potential for any investor to add to their portfolio. This one will move fast!!!
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 6 Parking Features None Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Buyer Financing Trade Common Interest Community Apartment Community Features Sidewalks Electric Expense 1061 Fuel Expense 0 Garage YN Yes Gross Income 91500 Gross Scheduled Income 91500 Insurance Expense 1500 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 2800 Net Operating Income 60099 New Construction YN No New Taxes Expense 21173 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 28656 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 7375 Trash Expense 1061 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Vacancy Allowance 2745 Water Sewer Expense 1061 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Jignesh Patel of Realty One Group United (310-356-0940)