11761 Stuart Dr, Garden Grove, CA 92843

Property Description

This turn-key 10 unit multifamily investment is located on Stuart Drive in the City of Garden Grove, California. The asset offers 7 - 2 Bed / 1 Bath units and 3 - 1 Bed / 1 Bath units. The building was built in 1958 and significantly remodeled in 2020. The exterior remodel includes: new windows, new garage doors, new garage door beams, new exterior paint and stucco, new interior courtyard concrete and 14ft x 18ft gazebo, new access gate, new exterior lighting, railing updated to code, new stairs, new walkway deck coating, new landscaping, new main hot water heater, and two new washing machines. The interior remodel includes: new cabinets and countertops in all 10 units, new air conditioning units in all 10 units, new security screen doors on all 10 units, new flooring in 6 units, and new interior paint and texture in 5 units. There is an owners utility closet in the courtyard, and all four laundry machines are owned by owner (2 Washers / 2 Dryers). Tenants have garage parking and there is room to add a BBQ and benches under the gazebo in the courtyard. The property is separately metered for gas and electricity. This property is in a nice central Garden Grove location right near major retail, educational, and employment opportunities. The property is conveniently located close to CA-22 Freeway, allowing tenants to connect with the greater California region and beyond.