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10342 Westminster Avenue, Garden Grove, CA 92843
2
beds
2
baths
28000
ft2
· 56628
ft2 lot
$9,600,000
$343 / ft2
Listing provided courtesy of Theresa Nguyen, OC Realty & Investments.
Source CRMLS.
*** 24 Units in Garden Grove, prime location (Westminster & Brookhurst) *** Well kept buildings in high demand rental area of Orange County, Upside in rents. No rent control. *** Build in 1979, comprised of three individual buildings on a large lot, each building consists of 8 units. *** Total 24 units, each units has 2 beds/2 Baths, 1070 SqFts. *** Building size: 28,000 SF, Lot Size: 56,628 SF (1.27 AC) *** Each unit features A/C, patio or balcony, and is separately metered for gas and electricity. *** 24 garages with an additional 36 parking spaces. *** Most units have new Laminates / Tiles Floor and new kitchen cabinets / counter tops *** Significant Upside - Potential Income Increase *** On-site laundry room *** Great investment opportunity with great potential!
HOA
$0/month
On market
2 years
Year built
1978
Property type
Condo
Parking
60
MLS
PW19053558
Price / Sq.Ft.
$343 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Disposal, Gas Range, Range Hood
•   
Has Appliances
•   
Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Dressing Area, Kitchen, Living Room, Master Bathroom, Master Bedroom
Interior Features
•   
Interior Features: Granite Counters
•   
Window Features: Triple Pane Windows
•   
Door Features: Panel Doors, Sliding Doors
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Laminate, Tile
Interior Size
•   
Building Area Total: 28000.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage, Gated, On Site, Parking Space
•   
Garage Spaces: 24.00
•   
Uncovered Spaces: 36.00
Building Info
•   
Building Area Units: Square Feet
•   
Foundation Details: Slab
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Front Yard, Landscaped, Rectangular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 1.3000
•   
Lot Size Area: 56628.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 24
Property Features
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 24
•   
Utilities: Electricity Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 24
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Sewer Paid
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Water Sewer Expense: 11000.00
•   
Laundry Income: 6000.00
•   
Trash Expense: 6500.00
•   
New Taxes Expense: 55000.00
•   
Insurance Expense: 5000.00
•   
Professional Management Expense: 8000.00
•   
Total Expenses: 90000.00
•   
Gross Scheduled Income: 41300.00
•   
Operating Expense: 7500.00
•   
Gardener Expense: 4500.00
Tax/Assessment Info
•   
Gross Income: 495600.00
•   
Tax Year: 2020
•   
Taxes: 57124.0
Lease Info
•   
Net Operating Income: 33800.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 24
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1700.00
•   
Unit 1 Total Rent: 1700.00
Multi Unit Information
•   
# Of Units: 1
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Other
•   
Subdivision: Other (OTHR)
•   
Community Features: Street Lights
•   
Directions: Brookhurst & Westminster
Other
Calculation
•   
Dom: 468
•   
Cdom: 468
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 21, 2021 4:58am
Neighborhood snapshot
31
Properties for sale
5
Median days on market
$431.46
Median sold price/sqft
102.75%
Sold/List %
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Property History
03/14/2019
03/14/2019
CRMLS #PW19053558
active
CRMLS #PW19053558
$9,600,000
+163.01%
03/03/2011
03/03/2011
Public Record
sold
Public Record
$3,650,000
+153.47%
09/08/2005
09/08/2005
Public Record
sold
Public Record
$1,440,000
--24.21%
03/19/2000
03/19/2000
Public Record
sold
Public Record
$1,900,000
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