Garden Grove CA Real Estate & Commercial for Sale

This value add property in the heart of Garden Grove is ready for an owner to properly manage as the tenant mix can be improved and rents are under market. The property consists of 4 buildings and tenants totaling 21,368 SF on a large 1.87 acre lot which, potentially, allows for development opportunity. There are 3 restaurant/caf tenants that drive traffic to the property. There is great upside potential with increased rent and CAM reimbursement as the tenants were mostly leased up during the Pandemic. Property is with some tenants on month to month leases. Currently, there is 1 vacancy and income will improve when that unit is leased. Cap Rate: 5.77% (as-is) 6.91% (proforma) Gross Scheduled Income: $628,793 ($745,1036 proforma) per year Price/SF: $368.16s Owner is in process of improving the property including aesthetic upgrades, increasing income, and expense reimbursement so that the financials will noticeably improve over time. See offering memorandum for more information. Contact listing agent for the most up to date information.

This value add property in the heart of Garden Grove is ready for an owner to properly manage as the tenant mix can be improved and rents are under market. The property consists of 4 buildings and tenants totaling 21,368 SF on a large 1.87 acre lot which, potentially, allows for development opportunity. There are 3 restaurant/caf tenants that drive traffic to the property. There is great upside potential with increased rent and CAM reimbursement as the tenants were mostly leased up during the Pandemic. Property is with some tenants on month to month leases. Currently, there is 1 vacancy and income will improve when that unit is leased.Cap Rate: 5.77% (as-is) 6.91% (proforma)Gross Scheduled Income: $628,793 ($745,1036 proforma) per yearPrice/SF: $368.16sOwner is in process of improving the property including aesthetic upgrades, increasing income, and expense reimbursement so that the financials will noticeably improve over time. See offering memorandum for more information. Contact listing agent for the most up to date information.

We are pleased to present the Alwood Garden Apartments, a well-maintained 16-unit apartment building consisting of two adjacent buildings with eight units each. The property boasts an open layout and is located in a great rental location near the 22 freeway. The current rents provide a 4.5% cap rate, with a 40% potential upside in rents. This presents a great opportunity for investors looking to increase their cash flow and equity. With the potential for higher rents and the propertys prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.