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11761 Stuart Dr, Garden Grove, CA 92843
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11761 Stuart Dr Garden Grove, CA 92843

$3,180,000 Sold Price as of 06/23/2021
  • 17 Beds
  • 10 Baths
  • 8,598 Sq.Ft.
Sold
$3,180,000 Sold Price as of 06/23/2021 Refinance Your Mortgage
Map preview of 11761 Stuart Dr, Garden Grove, CA 92843

Property Overview: 11761 Stuart Dr Garden Grove, CA has 17 bedrooms, 10 bathrooms, 8,598 living square feet and 12,196 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 84

Home details

Lot Sq. Ft
12,196
HOA Dues
$0/mo
Year built
1958
Garage
10 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21039894
City
Garden Grove
County
Orange
Time on Site
1288 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $13,650
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $4,650
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.68%
  • Gross Rent Multiplier: 14.57
  • Gross Scheduled Income: $219,600
  • Net Operating Income: $149,634
  • Gross Operating Income: $215,412
  • Vacancy Allowance: $6,588
  • Gross Spendable Income: $215,412
  • Laundry Income: $2,400
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $65,778
  • Electric: $651
  • Gas/Fuel: $523
  • New Taxes: $41,239
  • Trash: $3,672
  • Gardener: $1,200
  • Insurance: $2,937
  • Maintenance: $4,628
  • Professional Management: $3,600
  • Water/Sewer: $6,428

Property Details for 11761 Stuart Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Wood
  • Other Structures: Gazebo
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 10
  • Parcel Number: 10050202
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: North on CA-55, Exit I-5, Merge CA-22, Exit Right on Harbor, Left on Garden Grove, Left On Rockinghorse, Left on Stuart, Destination on left.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local Garden Grove Agent

Sale History for 11761 Stuart Dr

Last sold for $3,180,000 on June 23rd, 2021

  • June, 2021

  • Jun 24, 2021

    Date

    Sold

    CRMLS: OC21039894

    $3,180,000

    Price

  • Jun 2, 2021

    Date

    Pending

    CRMLS: OC21039894

    $3,200,000

    Price

  • Apr 22, 2021

    Date

    Price Change

    CRMLS: OC21039894

    $3,200,000

    Price

  • Mar 10, 2021

    Date

    Active

    CRMLS: OC21039894

    $3,250,000

    Price

  • March, 2020

  • Mar 1, 2020

    Date

    Sold

    CRMLS: OC19270565

    $2,300,000

    Price

  • Dec 26, 2019

    Date

    Pending

    CRMLS: OC19270565

    $2,200,000

    Price

  • Dec 2, 2019

    Date

    Active Under Contract

    CRMLS: OC19270565

    $2,200,000

    Price

  • Dec 1, 2019

    Date

    Hold

    CRMLS: OC19270565

    $2,200,000

    Price

  • Dec 1, 2019

    Date

    Active

    CRMLS: OC19270565

    $2,200,000

    Price

  • Nov 23, 2019

    Date

    Hold

    CRMLS: OC19270565

    $2,200,000

    Price

  • Nov 23, 2019

    Date

    Active

    CRMLS: OC19270565

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    This 10 units apartment complex is in a very high demand rental market. Close to school, bus, supermarket, and freeway access.

  • February, 2020

  • Feb 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,300,000

    Price

  • May, 2002

  • May 16, 2002

    Date

    Sold (Public Records)

    Public Records

    $830,000

    Price

Show More

Tax History for 11761 Stuart Dr

Assessed Value (2020): $1,605,558
Year Land Value Improved Value Assessed Value
2020 $955,538 $650,020 $1,605,558

Home Value Compared to the Market

This property vs the competition

11761 Stuart Dr sold on June 23, 2021 for 278.7% higher than the current median sold price for the city of Garden Grove which is $845,000. The median sold price per/sqft for Garden Grove is $595 and this home is sold at $372.18 per/sqft which puts the price per square foot 37.45% lower than the current median sale per square foot for the city of Garden Grove.

About 11761 Stuart Dr

Detailed summary of property

11761 Stuart Dr is a multi family that recently sold in Garden Grove, CA 92843. This multi family property offered 17 bedrooms, 10 bathrooms, roughly 8,598 living square feet, and sits on an approximately 12,196 square foot lot. 11761 Stuart Dr was first listed on ArdentRealEstateGroup.com on March 10, 2021. The homeowner sold the property for $3,180,000. Home in Garden Grove are selling for a median price of $845,000 and a median price per square foot of $595. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 278.7% higher than the current median priced home. Local homes that are currently for sale include 16861 Green Ln, 526 17th St and 206 Chicago Ave. While the average home in Garden Grove, CA is selling in 34 days, 11761 Stuart Dr has a days on market of 84 days. There are currently 157 homes for sale in the Garden Grove real estate market and 112 of them are single family homes while 37 of them are condos and 8 are townhomes. For more information on this home for sale at 11761 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 11761 Stuart Dr

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
8,599
Lot Size
12,315
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
2
APN
100-502-02

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.
$645
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%)

Thinking of Selling?

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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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