An eight-unit multifamily property in Garden Grove was purchased by an OC-based private investor for $2.23 mil, or $278,.1k/unit. The recently renovated property features seven one-bedroom units and one two-bedroom unit.
Built in 1960, the 5.1k sf, two-story apartment building sits on a 9.2k sf lot (approximately 0.21 acres). Very spacious units with large living rooms and walk-in closets. The units have individual water heaters and ample parking. Further features include an on-site laundry room.
Recent capital improvements include vinyl plank flooring, new wall fixtures and lights, new cabinet hardware and handles as well as new windows in select units. New tiles in bathrooms and kitchen, new countertops, stainless steel appliance package, new bathroom vanities, toilets and bathroom fixtures. The well-maintained building also has new exterior paint.
The Tibbs Circle property is located near parks, health services, restaurants, entertainment options and public transportation. The Disney resorts and Great Wolf Lodge Garden Grove are only a few miles away.
Situated about 34 miles south of Los Angeles, Garden Grove is known for its proximity to major attractions as well as its sense of community. Just six miles from Anaheim, Garden Grove is convenient to Disneyland, Anaheim Convention Center, Angel Stadium of Anaheim, the Outlets at Orange, and Knott’s Berry Farm. Garden Grove boasts many of its own attractions as well. If you choose to rent in Garden Grove, you’ll have the chance to see the largest glass building in the world, the Crystal Cathedral. Inside the Crystal Cathedral, you will find one of the largest musical instruments in the world, the Hazel Wright Memorial organ. You’ll also be able to catch a performance at the historic GEM Theater and see an Orange County Shakespeare production at the Festival Amphitheater. You can take Fido to Garden Grove Park and swing by Main Street for the weekly vintage car show.
