12621 Morningside Avenue Garden Grove, CA $ 2,799,000
12621 Morningside Avenue
$ 2,799,000
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12621 Morningside Avenue

Garden Grove, CA, 92843
$ 2,799,000
Bedrooms12 Baths8.0 Sq 5,337

Monthly Estimate*

$ 18,603

Listed by Advance Estate Realty
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 1
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 2
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 3
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 4
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 5
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 6
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 7
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 8
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 9
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 10
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 11
12621 Morningside Avenue, Garden Grove, CA 92843 - Image 12

Multi-Family Home for sale in Garden Grove, CA

for $2,799,000 with 12 bedrooms and 8 full baths. This 5,337 square foot home was built in 1961 on a lot size of 0.2231.

Price Reduced. Welcome to this exceptional investment opportunity at 12621 Morningside Ave, located in the heart of Garden Grove, California. This property features an 8-unit apartment complex that is a perfect blend of comfort and convenience. Each unit is thoughtfully designed with a spacious layout to provide a comfortable living experience. The units feature large windows that allow for plenty of natural light, enhancing the warm and inviting atmosphere of each apartment. The property is situated in a great location, offering easy access to a variety of local attractions and amenities. It’s just a short drive away from shopping centers, restaurants, parks, and schools, making it an ideal location for families and working professionals alike. This is a fantastic opportunity for investors looking for a steady income stream, as all units are currently occupied with reliable tenants. The property has been well-maintained and managed, ensuring a hassle-free investment experience. Don’t miss out on this rare opportunity to own a multi-unit property in the thriving city of Garden Grove. Contact us today for more information or to schedule a viewing.

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Multi-Family Active

Price

$ 2,799,000

Bedrooms

12

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.2231

Year Built

1961

Town/City

Garden Grove

County/Region

Orange

MLS | Web ID

OC24034738

Days on Market

111

Features
General
Interior Features OpenFloorplan
Sewer PublicSewer
Heating NaturalGas WallFurnace
Cooling WallWindowUnits
Utilities CableAvailable CableConnected ElectricityAvailable ElectricityConnected NaturalGasAvailable NaturalGasConnected PhoneAvailable PhoneConnected SewerAvailable SewerConnected WaterAvailable WaterConnect
Possession CloseOfEscrow
Roof Flat
Appliances GasOven
Exterior Features TVAntenna
Garage Spaces 8.0
Architectural Style Traditional
Pool Features None
Security Features SmokeDetectors SecurityLights
Year Built 1961
Tenant Pays Electricity
Stories 2
Levels Two
Property SubType Apartment
Gross Income 179400.0
Community Features Curbs Gutters StreetLights Sidewalks
County Orange
Net Operating Income 136016.0
Operating Expense 43384.0
Insurance Expense 3000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency None
Subdivision Name other
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Westminster & Clinton
City Garden Grove
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 4.0
NumberOfUnitsTotal 8
MLS Area 64 - Garden Grove E of Euclid W of Harbor
Lot Size Units SquareFeet
Lot Size Square Feet 9718.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Number of Units Leased 8
Street Name Morningside
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 585.0
Home Warranty Y/N N
Fuel Expense 4112.0
Trash Expense 2750.0
Water Sewer Expense 3917.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 30
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 62
Total Actual Rent 14950.0
Property Sub Type Additional Apartment
Taxes 28000.0
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Interior
Flooring Carpet Tile
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea WasherHookup GasDryerHookup LaundryRoom
Entry Level 0
Electric On Property Y/N N
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Exterior
Fencing AverageCondition
Parking Features AttachedCarport Covered Driveway
Lot Features BackYard FrontYard Yard
Water Source Public
Total Parking 12.0
Lot Size Area 9718.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 5337.0
Street Suffix Avenue
Lot Size Acres 0.2231
Lot Size Source Assessor
Door Features InsulatedDoors
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12621
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* Excluded Features
List By
Advance Estate Realty

Broker

(714) 936-6969

Phone

Affordability Calculator

$18,603
Per Month
100%
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0%
Monthly Principal & Interest
$18,603
Monthly Property Taxes
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$2,799,000 -3.45% Price Down
2/20/2024$2,899,000 Listed Price

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12621 Morningside Avenue, Garden Grove, CA, 92843 is a Multi-Family Home for sale at $2,799,000 with 5,337 sqft and a lot size of 0.2231. 12621 Morningside Avenue has 12 bedrooms, 8.0 baths, and was built in 1961. The property's zip code is 92843 which is in Garden Grove, CA