9602 9612 Alwood Avenue, Garden Grove, CA 92841
- $4,650,000
- Sold Price
- $4,650,000
- List Price
- $4,800,000
- Closing Date
- Mar 27, 2025
- Status
- CLOSED
- MLS#
- PW25015142
- Year Built
- 1958
- Lot Size
- 20,101
- Acres
- 0.46
- Lot Location
- Irregular Lot
- Days on Market
- 29
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- /
Property Description
We are pleased to present the Alwood Garden Apartments, a well-maintained 16-unit apartment building consisting of two adjacent buildings with eight units each. The property boasts an open layout and is located in a great rental location near the 22 freeway. The current rents provide a 4.9% cap rate, with a 30% potential upside in rents. This presents a great opportunity for investors looking to increase their cash flow and equity. With the potential for higher rents and the property’s prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 12
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $361,392
- Operating Expense
- 116766
Listing courtesy of Listing Agent: James Wardlaw (james@triqorgroup.com) from Listing Office: Triqor Group.
Listing sold by James Wardlaw from Triqor Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.