9252 Garden Grove Boulevard #1Garden Grove, CA 92844
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/café 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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site193 Days
- MLS StatusActive
- MLS ID NumberCV23176589
- Home Size Source Assessor
- Year Built1966
- Lot Size1.8723 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 9252 Garden Grove Boulevard Garden Grove, CA 92844
2 months ago | |
3 months ago | |
6 months ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Parking Spaces 100
- Number of Stories 2
- Acreage 1.8723
- Water Public
- Property Sub Type Retail
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Zoning GGMU-2
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating Central
- Laundry Features None
Exterior Features
- Lot 6-10 Units/ AcreCorner LotLot Over 40000 SqftSprinkler System
Community Features
- MLS Area 63 - Garden Grove S of Chapman, W of Euclid