$1,338,000
$1,389,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 11/20/2024
Key Details
Sold Price $1,338,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24175773
Sold Date 11/20/24
HOA Y/N No
Year Built 1956
Lot Size 10,018 Sqft
Lot Dimensions Assessor
Property Description
Opportunity to Own a 3-Unit Property in High-Demand Garden Grove!
This 3-unit property is situated on an oversized 10,000 sqft lot, offering plenty of space for potential expansion. According to city regulations, there is room to build an 800 sqft 2-bed/2-bath ADU as a 4th unit. The large lot provides ample parking options.
Current rental rates are still well below market value, presenting an excellent investment opportunity. The front building consists of Unit 1 (1 bed/1 bath) and Unit 2 (2 bed/2 bath). The second building features a 2-bed/2-bath unit with an attached 1-car garage and its own private backyard, perfect for tenants to enjoy gardening. Additionally, a detached 2-car garage is designated for the front units, providing 1 parking spot per unit. There are also 5 additional parking spaces available for all tenants, plus plenty of street parking if needed.
Location
State CA
County Orange
Area 61 - N Of Gar Grv, S Of Ball, E Of Knott, W Of Dal
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Range, Gas Water Heater
Laundry Inside
Exterior
Garage Assigned, Concrete, Direct Access, Door-Single, Garage Faces Front, Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 13346409
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Contract, Submit
Listing Terms Contract, Submit
Financing Other
Special Listing Condition Standard
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Bought with Hang-Ny Nguyen • Advance Estate Realty
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REALTOR® | Lic# 01314776