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Sold for $4,000,000 on 04/08/25
  • Listing Provided by: 

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Bought with: Marcus & Millichap RE Invest
    $4,000,000

    9661-9671 Maureen Dr, Garden Grove, CA 92841

    24beds
    12baths
    8,329sqft
    Multi Family
    Built in 1958
    -- sqft lot
    $3,954,600 Zestimate®
    $480/sqft
    $-- Estimated rent

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    What's special

    9661 and 9671 Maureen Drive is a 12-unit multifamily investment property located in Garden Grove, California. Situated on an oversized 0.42-acre lot, this garden-style property showcases predominantly single-story construction and offers a highly desirable mix consisting exclusively of two-bedroom floor plans. Amenities at 9661 and 9671 Maureen Drive include an on-site laundry facility as well as ample garage and surface parking. Situated just South of Katella Avenue, 9661 and 9671 Maureen Drive places residents in close proximity of a plethora of shops, restaurants, and world-famous entertainment destinations. The property offers walkable access to a Crunch Fitness and Harvest Fresh Markets anchored retail center and is just a short drive from the Promenade at Garden Grove, a major retail center anchored by Walmart, Aldi, Regal Cinema and more. Additionally, the property is just 2.5 Miles from Disneyland, one of Southern California’s most popular destinations and a major employer for the region. The Garden Grove submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q1 2024) and a projected average effective rent increase of 4.5 percent (year-over-year through 2028), demonstrating the strong demand for rental housing. Garden Grove’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Garden Grove, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 9661 and 9671 Maureen Drive.

    Zillow last checked: 7 hours ago

    Listing updated: April 09, 2025 at 03:46pm

    Listing Provided by:

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Bought with:

    Tyler Leeson, DRE #01451551

    Marcus & Millichap RE Invest

    Source: CRMLS,MLS#: OC25025659MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 12
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 8,329
    • Total interior livable area: 8,329 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Garage
    • Garage spaces: 12
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: First level
    • Pool features: None
    Lot
    • Size: 0.42 Acres
    • Features: Street Level
    Details
    • Parcel number: 13210114
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1958

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Garden Grove

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
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    Estimated market value
    $3,954,600