We are pleased to present this 5.7% Market CAP Rate! This nine unit apartment building consisting of one and two bedroom units. Built in 1960, the building has rock siding and interior courtyard features with minimal landscaping. The building has a pitched roof and ample open parking. Each unit is individually metered for gas and electric. The building has an on-site laundry room, and some windows have been replaced with double pane vinyl windows.
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Well maintained 4-plex with recent upgrades including dual pane windows, new exterior paint, and much more. The subject property consists of four spacious 2 bedroom 1 bath units averaging 895 square feet each. All units are individually metered for gas and electricity and each tenant is assigned a garage or a carport parking space. Well located at the end of a cul-de-sac street makes for a quieter living environment for tenants. Major cross streets are Garden Grove Blvd and Euclid Street. This opportunity is an ideal investment for an investor looking for a property within the strong rental market of Garden Grove.