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11662 Stuart Dr, Garden Grove, CA 92843
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11662 Stuart Dr Garden Grove, CA 92843

$3,980,000
  • 16 Beds
  • 16 Baths
  • 9,288 Sq.Ft.
For Sale
$3,980,000 Get Pre-Qualified
Map preview of 11662 Stuart Dr, Garden Grove, CA 92843

Property Overview: 11662 Stuart Dr Garden Grove, CA has 16 bedrooms, 16 bathrooms, 9,288 living square feet and 19,166 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Location, location, location !! Well kept 16-unit multifamily investment property located in the heart of Garden Grove. Spanning a 0.43-acre lot, the property comprises 16 one-bedroom units, collectively offering 9,288 square feet of living area. The units are always fully leased, feature newer windows, sleek color front doors and approximately 10 units have been renovated with modern laminate wood flooring. The property provides gated access for added security, includes 10 garages and 6 carports with convenient alley access. Tenants can enjoy a spacious courtyard equipped with a BBQ area for entertaining. Additionally, there are 6 onsite laundry machines and 2 newer water heaters. Its highly convenient location makes this property an attractive option for both potential tenants and investors.

Listed by Margaret Lee | BRE #00976428 | CBD Investment Inc.
Co-listed by Van Tuyet To | BRE #01749625 | CBD Investment Inc.
Last checked: 1 minute ago | Last updated: August 25th, 2024 | Source CRMLS | DOM: 72

Home details

Lot Sq. Ft
19,166
HOA Dues
$0/mo
Year built
1960
Garage
10 Car
Property Type:
Apartment
Status
Active
MLS#
AR24137900
City
Garden Grove
County
Orange
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Electric Meters: 17
  • # of Gas Meters: 17
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 16
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $291,852
  • Total Rent: $291,852
  • Pro Forma/Market Rent: $291,852
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $303,852
  • Net Operating Income: $223,242
  • Gross Operating Income: --
  • Laundry Income: $12,000
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $80,610
  • Electric: $1,100
  • Gas/Fuel: $0
  • New Taxes: $59,963
  • Trash: $7,331
  • Insurance: $10,810
  • Professional Management: $3,600
  • Water/Sewer: $1,406

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Property Details for 11662 Stuart Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: Garden
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 10056308
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Garden Grove and Rockinghorse Rd
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Garden Grove Agent

Sale History for 11662 Stuart Dr

Last sold for $3,050,000 on March 24th, 2017

  • July, 2024

  • Jul 5, 2024

    Date

    Active

    CRMLS: AR24137900

    $4,797,000

    Price

  • March, 2017

  • Mar 24, 2017

    Date

    Sold (Public Records)

    Public Records

    $3,050,000

    Price

  • July, 2014

  • Jul 1, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 11662 Stuart Dr

Assessed Value (2020): $3,236,684
Year Land Value Improved Value Assessed Value
2020 $2,252,945 $983,739 $3,236,684

Home Value Compared to the Market

This property vs the competition

11662 Stuart Dr is listed 328.98% higher than the median list price for the city of Garden Grove which has a median list price of $927,777. The median price per/sqft for Garden Grove is $601 and this home is listed at $428.51 per/sqft which puts the price per square foot 28.7% lower than the median price per square foot for the city of Garden Grove.

About 11662 Stuart Dr

Detailed summary of property

11662 Stuart Dr is a apartment located in Garden Grove, CA 92843 and is currently for sale. This apartment offers 16 bedrooms, 16 bathrooms, roughly 9,288 living square feet, and sits on an approximately 19,166 square foot lot. 11662 Stuart Dr was first listed on ArdentRealEstateGroup.com on July 6, 2024. The homeowner is currently asking $3,980,000 and was originally asking $4,797,000. The median priced home in Garden Grove is $927,777 with a median price per square foot of $601. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is listed 328.98% higher than the median priced home. Local competing homes currently for sale include 2501 Florida St, 383 W Wilson St and 6041 Fullerton Ave. While the average home in Garden Grove, CA is selling in 33 days, 11662 Stuart Dr has a days on market of 72 days. There are currently 157 homes for sale in the Garden Grove real estate market and 110 of them are single family homes while 37 of them are condos and 10 are townhomes. For more information on this home for sale at 11662 Stuart Dr Garden Grove, CA 92843 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 11662 Stuart Dr

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
9,288
Lot Size
18,695
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
100-563-08

The source for these homes facts are from public records.

92843 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$880,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$840,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
98.82%
Avg Days on Market
26
Loan Type
Conventional (38.89%), FHA (5.56%), VA (5.56%), Cash (0%), Other (50%)

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Recently Sold Homes Near 11662 Stuart Dr

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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