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12702 Morningside Ave
Garden Grove, CA 92843 Garden Grove

$2,760,000 USD

Apartments For Sale • 10,404 SF

Property Details

Property Type Apartments
Total Building Size 10,404 SF
Lot Size 0.24 AC
Building Class C
Year Built 1961
Cap Rate 5.00 %
Zoning R3

42 Transit Score

55 Walk Score

                
                    Highlights
                
                                Well-Located, Turnkey Investment with Good Curb Appeal, Covered Parking, Pitched Roof, and On-Site Laundry
                            
                                All Units Have Been Renovated to Varying Degrees, Ranging from New Flooring, New Quartz Countertops, Refaced Cabinets, New Lighting, 
                            
                                New Kitchen and Bath Sinks, New Stovetop Ovens and Hoods, and New Paint
                            
                                Major Exterior Renovation in 2022-2023 Includes: New Paint and Stucco, Newly Paved Asphalt Parking, New Double-Pane Vinyl Windows, and New Wall A/C
                            
                                Located Close to Main Place Mall, The Outlets at Orange, Disneyland Resort, California Adventure Park, and Anaheim Marketplace
                            
                                Also Close to Clinton Elementary School, Leroy Doig Intermediate School, Santiago High School, Santa Ana College, and Hazard Elementary School

Financial Summary (Actual)

Net Operating Income: $137,863 USD (2023)

Cap Rate:	5.00 %
Total Expenses:	$60,089 USD

Amenities

Air Conditioning
Cable Ready
Disposal
Security System
Heating
Gas Range
Ceiling Fans
Kitchen
Oven
Range
Tub/Shower
Double Pane Windows
Vinyl Flooring
Window Coverings

Public Transportation

Commuter Rail	Drive	Walk	Distance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	3.6 mi
Anaheim-Artic Metrolink Station (Metrolink Orange County Line - Metrolink Trains)	11 min	-	5.3 mi
Airport	Drive	Walk	Distance
John Wayne/Orange County	14 min	-	8.0 mi
Long Beach (Daugherty Field)	24 min	-	18.2 mi
Ontario International	48 min	-	36.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Mark Bridge 949-372-4888 The Bridge Multifamily Team at Cushman & Wakefield

12702 Morningside Ave Garden Grove, CA 92843 Garden Grove