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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

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 both parking and pedestrian entry, on-site laundry rooms, and spacious private balconies and patios. This highly desirable central Orange County location offers an exceptional investment opportunity. For further information, please call.

More Information MLS# 219111666

Listing, Location and Property Info

Entry Date: 2024-05-17 Land Type: Fee

General Property Information

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

Listing Info

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

Tax Info

Tax Mello Roos: Unknown Annual Taxes: 16528

Property Info

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

Counts

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

Income & Expenses

Actual Total Rent $: 555720

Owner Pays

Parking Fee: 0

Community Features

Community Mailbox: 1

Sale Type

Standard: 1

Road Surface Type

Paved: 1

Listing Terms

Cash: 1 Cash to New Loan: 1 Conventional: 1

Possession

Close Of Escrow: 1

Parking Spaces/Information

RV: Yes Total Covered Spaces: 1 Total Uncovered/Assigned Spaces: 1 RV Parking Dimensions: large

Lot Description

Landscaped: 1 Lawn: 1

Lot Location

Greenbelt: 1

View Type

Peek-A-Boo: 1 Pool: 1

Other Structural Features

Balcony: 1 Premium Lot: 1

Disclosures

Property As Is: 1

Building Style

Cottage: 1

Levels

Two: 1

Entry Location

Ground Level - No Steps: 1 Ground Level w/Steps: 1

Exterior Construction

Brick: 1 Stucco: 1

Foundation

Slab: 1

Flooring

Other: 1

Cooling Type

Zoned: 1 Other: 1

Pool Location

Community: 1

Pool Accessories

Safety Gate: 1

Pool Construction

In Ground: 1

Pool Description

Community: 1

Heating

Zoned: 1 Other: 1

Rooms

Other: 1

Laundry

Community: 1

Security Safety

Community: 1

Roofing

Shingle: 1

Sewer

In, Connected and Paid: 1

Parking

Assigned: 1 Community Structure: 1

Contingent Upon

Loan Approval: 1

Unit Information

Number of Units Leased: 24

Land Lease Type

Fee Simple: 1

Listing Location and Property Info

APN: 13337219 Status: Closed Listing Date: 2024-05-17 Original List Price: 10000000 Sold Price: $9,700,000 Current Price: $9,700,000 Property Sub-Type: Apartment Street #: 9821 Street Name: Acacia Street Suffix: Avenue County: Orange State: CA Zip Code: 92841 Area: N/A Country: US

Status Change Info

Status Change Date: 2024-10-29 Pending Date: 2024-10-24 Closed Date: 2024-10-28 Closed Price: 9700000

Parking SpacesInformation

Total Carport Spaces: 1 Total Garage Spaces: 1 Total Parking Spaces: 4

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; Ground Level w/Steps Exterior Construction: Brick; Stucco Foundation: Slab Flooring: Other Cooling Type: Zoned; Other Pool Location: Community Pool Accessories: Safety Gate Pool Construction: In Ground Pool Description: Community Heating: Zoned; Other Rooms: Other Laundry: Community Security Safety: Community Roofing: Shingle Sewer: In, Connected and Paid Parking: Assigned; Community Structure Road Surface Type: Paved Contingent Upon: Loan Approval Land Lease Type: Fee Simple
Listing Office: OZA Realty Inc.
Listing Agent: Jose Espinoza
Last Updated: November - 20 - 2024
Information deemed reliable but not guaranteed.

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