Garden Grove, CA 92844,9801 9811 Russell AVE
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Garden Grove, CA 92844,9801 9811 Russell AVE
Garden Grove, CA 92844,9801 9811 Russell AVE
Garden Grove, CA 92844,9801 9811 Russell AVE
Garden Grove, CA 92844,9801 9811 Russell AVE

$2,500,000

Est. payment /mo

$2,400,000

4.2%
Est.Price: ?

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9801 9811 Russell AVE Garden Grove, CA 92844

0.53 Acres Lot

SOLD DATE : 03/25/2021

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Unknown

MLS Listing ID SR21008508

Sold Date 03/25/21

HOA Y/N No

Year Built 1957

Lot Size 0.527 Acres

Property Description

Presenting a rare opportunity to acquire an investment property on a very large lot in the city of Garden Grove. It is perfect for an investor looking to acquire a property to maximize its income potential or possible redevelopment. This 8-unit multifamily investment property is located in a diverse and rapidly developing community of Garden Grove in desirable metro Orange County. Situated on more than half acre lot, this 22,974 square foot property consists of 2 buildings (9801 & 9811 Russell) on the same parcel with an enclosed courtyard, 2 bedroom/1 bathroom floor plans, 8 assigned garage parking plus 8 exterior additional spaces, an on-site community coin-operated laundry room and generous sized storage rooms. Each unit is individually metered for gas and electric. Each unit has individual gas water heater. Well maintained and with countless improvements, this property commands pride of ownership. Long-term tenants and 100% occupied. With strong market trends and current rental demand, this property provides investors an opportunity to capitalize on the potential value appreciation. Don’t miss out on a fantastic opportunity to own this unique property! Drive by ONLY, do NOT disturb occupants.

Location

State CA

County Orange

Area 65 - N Of Blsa, S Of Ggrv, E Of Bch, W Of Brookhrs

Interior

Interior Features Bedroom on Main Level

Heating Wall Furnace

Cooling None

Flooring Wood

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 09821105

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Susan Kim • Keller Williams Encino-Sherman Oaks
Bought with Raeann Nguyen • Raeann Nguyen, Broker

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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