9821 Acacia Avenue, Garden Grove, CA 92841 (MLS# 219111666)

9821 Acacia Avenue, Garden Grove, CA 92841

$9,700,000

Property Type: Residential Income Square Footage: 24,768 Status: Closed

Current Price: $9,700,000 List Date: 5/17/2024 Last Modified: 11/20/2024

Overview

Description

Exceptional Investment Opportunity in Garden Grove. Presenting an extremely rare chance to acquire a premier 24-unit, All 2bdr/2bth Cottages, multifamily property, Vinebrier Apartments, located at 9821 through 9851 Acacia Avenue in Garden Grove. This pride-of-ownership investment includes eight buildings on a sprawling 81,457 square feet of land, with a total building area of 24,768 square feet. Constructed in 1960, this complex offers 24 well-maintained units. The property features frame and stucco construction with a decorative brick façade, exuding a timeless appeal. Residents will enjoy the beautiful gated pool and meticulously landscaped common areas. Each unit is provided with a private garage, supplemented by additional surface parking at the rear of the complex. Vinebrier Apartments are situated in a residential community, just one block south of the major commercial thoroughfare, Garden Grove Boulevard. The property boasts attractive amenities, including controlled access for ... (Read more)

Listing Details MLS# 219111666

General Property Information

Total Units: 24
Living Area: 24768
SqFt Source: Assessor
Fireplace: No
Building # of Stories: 2
Pool: Yes
Lot Size Area: 81457
Lot Size Source: Assessor
Year Built: 1960
CrossStreet: Galway St & Brookhurst Way

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional Possession: Close Of Escrow Lot Description: Landscaped; Lawn Lot Location: Greenbelt View Type: Peek-A-Boo; Pool Other Structural Features: Balcony; Premium Lot Disclosures: Property As Is Community Features: Community Mailbox Building Style: Cottage Levels: Two Entry Location: Ground Level - No Steps Exterior Construction: Brick; Stucco Foundation: Slab Cooling Type: Zoned; Other Pool Location: Community Pool Accessories: Safety Gate Pool Construction: In Ground Heating: Zoned Laundry: Community Security Safety: Community Roofing: Shingle Parking: Assigned; Community Structure Contingent Upon: Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

Parcel Number: 13337219
Listing Contract Date: 2024-05-17
Original List Price: 10000000
Property Sub Type: Apartment
Street #: 9821
Street Name: Acacia
Street Suffix: Avenue
County: Orange
State: CA
Postal Code: 92841
MLS Area: N/A
Country: US

Listing Info

Number of Buildings: 8
Inclusions: 9821-9851 Acacia Ave
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Lease
Elevator: No

Tax Info

Tax Mello Roos: Unknown
Tax Annual Amount: 16528

Property Info

Senior Community: No
Gated Community: Yes
Type of Business: Apartments operate as Vinebrier Apartments

More Information

Status Change Info

StatusChangeDate: 2024-10-29
Purchase Contract Date: 2024-10-24
Close Date: 2024-10-28
Close Price: 9700000

Counts

# Electric Meters: 24
# Gas Meter: 24
# Water Meters: 24

Parking SpacesInformation

Carport Spaces: Yes
Total Garage Spaces: Yes
Parking Total: 4

Unit Information

Number of Units Leased: 24

Income & Expenses

Actual Total Rent $: 555720

Parking Spaces/Information

RV: Yes

Entry Location

Ground Level w/Steps: Yes

Sewer

In, Connected and Paid: Yes

Documents

2 YR PROFORMA ›

Listing Office: OZA Realty Inc.

Listing Agent: Jose Espinoza

Last Updated: November - 20 - 2024

Information deemed reliable but not guaranteed.