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    13151 Monroe Street

    Garden Grove, CA 92844
    • $9,900,000
    • STATUS: ACTIVE
    • ON SITE: 86 days
    • ID#: 302953499
    UPDATED: 18 min ago
    $9,900,000
    • 2
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sf. It has been meticulously maintained with over $1,375,000 in luxurious interior & exterior renovations that has attracted a top notch tenant base to ensure a relia We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sf. It has been meticulously maintained with over $1,375,000 in luxurious interior & exterior renovations that has attracted a top notch tenant base to ensure a reliable stream of cash flow. Every unit has been upgraded with high-end vinyl plank flooring, stainless steel appliances, quartz counter tops, durable white-modern cabinets, modern lighting throughout, double-pane noise reducing vinyl windows & modern white interior design paint scheme. The tenants enjoy oversized private balconies, generous private yards, a well-groomed common area courtyard equipped with barbeques, quaint and well-lit seating area, a sparkling pool and spa, as well as drought resistant low maintenance landscape. Additionally, the tenants benefit from 24 garage spaces as well as 26 surface spots. Monroe is a unique opportunity that combines the strong demographics and market conditions of this Orange County submarket with luxurious, strategic upgrades to attract the highest quality tenants in the most sought after location. Monroe will prove to be a high-yielding stable investment for years to come. Contact Listing agent for Marketing Package.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/111391645
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    13151 Monroe Street Garden Grove, CA 92844

    • Price: $9,900,000
    • Status: ACTIVE
    • Updated: 18 min ago
    • ID#: 302953499
    2
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    1979
    Built
    Neighborhood:
    Oc - Garden Grove (92844)
    County:
    Orange
    Area:
    Oc - Garden Grove (92844)
    Property Description
    We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sf. It has been meticulously maintained with over $1,375,000 in luxurious interior & exterior renovations that has attracted a top notch tenant base to ensure a relia We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sf. It has been meticulously maintained with over $1,375,000 in luxurious interior & exterior renovations that has attracted a top notch tenant base to ensure a reliable stream of cash flow. Every unit has been upgraded with high-end vinyl plank flooring, stainless steel appliances, quartz counter tops, durable white-modern cabinets, modern lighting throughout, double-pane noise reducing vinyl windows & modern white interior design paint scheme. The tenants enjoy oversized private balconies, generous private yards, a well-groomed common area courtyard equipped with barbeques, quaint and well-lit seating area, a sparkling pool and spa, as well as drought resistant low maintenance landscape. Additionally, the tenants benefit from 24 garage spaces as well as 26 surface spots. Monroe is a unique opportunity that combines the strong demographics and market conditions of this Orange County submarket with luxurious, strategic upgrades to attract the highest quality tenants in the most sought after location. Monroe will prove to be a high-yielding stable investment for years to come. Contact Listing agent for Marketing Package.
    Exterior Features

    Pool Community/Common Site Cul-De-SacCurbs Spa Community/Common Topography Level

    Interior Features

    Total Baths Unit1 2

    Property Features

    Actual Cap Rate 4.54 Annual Expense Actual 204452 Buildings 4 Gross Rent Multiplier Actual 15.66 Gross Scheduled Income Actual 632160 Unit Number For Unit1 1 Unit1 Rent Actual 2195.0 Zoning Assessor

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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