12341 Lewis Street, Garden Grove, CA 92840
  • MLS#: OC25077191 ( Apartment )
  • Street Address: 12341 Lewis Street
  • Viewed: 6
  • Price: $14,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: ORANGE
  • City: Garden Grove
  • Zipcode: 92840
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Garden Walk is a one of a kind 36 unit multifamily investment opportunity located in Garden Grove, CA. Located on the border of Anaheim, Garden Grove, and Orange, Garden Walk is uniquely placed in close proximity of Orange Countys top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, the Honda Center, The Outlets at Orange, and UCI Medical Center, all of which are situated within 2 miles of the property. Furthermore, Garden Walks proximity to the Anaheim Regional Transportation Intermodal Center (ARTIC) and the 5, 57, and 22 Interchange provides residents with convenient access throughout Southern California. Garden Walk offers an attractive mix of one and two bedroom units, of which 28 feature single story construction and 8 feature two story townhome construction. This diverse mix of floor plans helps Garden Walk appeal to a broad renter pool. The property, built in 1963 on a spacious 2.42 acre parcel offers a new owner the unique opportunity to take advantage of existing open and amenity space to construct accessory dwelling units (ADU), substantially increasing cashflow. Garden Walk features desirable amenities including gated access, a swimming pool with a spacious pool side pavilion, two on site laundry facilities, and ample carport and surface parking spaces. Additionally, each unit at the property features a spacious private patio, an in demand amenity for rental units. In summary, Garden Walks fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, Garden Walk represents an attractive opportunity for a new owner seeking well located units.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 34384.00
Carport Spaces
  1. 36.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 16337.00
Entry Location
  1. First level
Fuel Expense
  1. 16337.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 28780.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 573893.00
Newtaxesexpense
  1. 159235.00
Number Of Separate Electric Meters
  1. 36
Number Of Separate Gas Meters
  1. 36
Otherexpense
  1. 98938.00
Otherexpensedescription
  1. Misc
Otherincome1
  1. 12000.00
Otherincomedescription
  1. Misc
Parcel Number
  1. 23120103
Pool Features
  1. Community
Professionalmanagementexpense
  1. 29313.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435960252:CRM
Totalexpenses
  1. 4003214.00
Trash Expense
  1. 16337.00
Uncovered Spaces
  1. 36.00
Vacancyallowance
  1. 29849
Water Sewer Expense
  1. 16337.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. R3