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11851 Gilbert St, Garden Grove, CA 92841
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11851 Gilbert St Garden Grove, CA 92841

$1,850,000 Sold Price as of 10/25/2022
  • -- Beds
  • -- Baths
  • 6,120 Sq.Ft.
Sold
$1,850,000 Sold Price as of 10/25/2022 Refinance Your Mortgage
Map preview of 11851 Gilbert St, Garden Grove, CA 92841

Property Overview: 11851 Gilbert St Garden Grove, CA has -- bedrooms, -- bathrooms, 6,120 living square feet and 16,117 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GREAT location for a GREAT investment property. This building is across directly from Walmart near Gilbert Street and Chapman Avenue corner. 14 units on 2 floors with 6,120 sqft on 16,117 sqft lot. This is a Retail and Office building. Many parking with 23 parking spaces in the back of this building. Current rent is low. Excellent location - across from Walmart and 24 Hr Fitness. GREAT INVESTMENTS. 100% occupied.

Listed by Cindy Tran | BRE #01860350 | Golden Gates Realty & Invest
Last checked: 1 minute ago | Last updated: September 2nd, 2023 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
16,117
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Office
Status
Sold
MLS#
PW22122824
City
Garden Grove
County
Orange
Time on Site
700 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11851 Gilbert St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 13242330
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From Chapman and Brookhurst, going west on Chapman, make a right turn on Gilbert. The building is right across from Walmart
View more facts & features

Local Garden Grove Agent

Sale History for 11851 Gilbert St

Last sold for $1,850,000 on October 25th, 2022

  • September, 2023

  • Sep 2, 2023

    Date

    Expired

    CRMLS: OC23054816

    $2,299,000

    Price

  • Apr 3, 2023

    Date

    Active

    CRMLS: OC23054816

    $2,675,000

    Price

  • Listing provided courtesy of CRMLS

    Retail and Office property in Garden Grove located on Gilbert and Chapman Ave. This commercial property has 11 tenants, 2 story structure, with first floor retail tenants and second floor office tenants. The total building size is 6,120 sf and the lot size is 16,116 sf. There is ample parking with 23 parking spaces in the back of the building. This very excellent opportunity to investors is fully occupied by offices and retail business with long term presence. Excellent opportunity for an owner user of investor with upside rental potential. The property is located at a busy signalized intersection of Gilbert St and huge parking lot facing major retail center anchored by Walmart and 24 Hr Fitness.

  • October, 2022

  • Oct 25, 2022

    Date

    Sold

    CRMLS: PW22122824

    $1,850,000

    Price

  • Jun 7, 2022

    Date

    Active

    CRMLS: PW22122824

    $2,049,000

    Price

  • August, 2019

  • Aug 1, 2019

    Date

    Sold

    CRMLS: PW19046237

    $1,400,000

    Price

  • Jul 12, 2019

    Date

    Pending

    CRMLS: PW19046237

    $1,490,000

    Price

  • Mar 1, 2019

    Date

    Active

    CRMLS: PW19046237

    $1,490,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED!!! Retail and Office property in Garden Grove located on Gilbert and Chapman Ave. This commercial property has 11 tenants in 2 stories. The first floor has retail tenants and the second floor has the office use tenants. The total building size is 6,120 sf and the lot size is 16,116 sf. There is ample parking with 23 parking spaces in the back of the building. This very excellent opportunity to investors is fully occupied by offices and retail business with long term presence. Also the current rent is low. Excellent cap rate with upside potential.This property is located at a busy signalized intersection of Gilbert St and huge parking lot facing major retail center anchored by Wal WALMART and 24 Hr Fitness.

  • July, 2019

  • Jul 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • March, 2019

  • Mar 1, 2019

    Date

    Expired

    CRMLS: PW18220066

    $1,590,000

    Price

  • Sep 8, 2018

    Date

    Active

    CRMLS: PW18220066

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    Retail and Office property in Garden Grove located on Gilbert and Chapman Ave. This commercial property has 11 tenants in 2 stories. The first floor has retail tenants and the second floor has the office use tenants. The total building size is 6,120 sf and the lot size is 16,116 sf. There is ample parking with 23 parking spaces in the back of the building. This very excellent opportunity to investors is fully occupied by offices and retail business with long term presence. Also the current rent is low. Excellent cap rate with upside potential.This property is located at a busy signalized intersection of Gilbert St and huge parking lot facing major retail center anchored by Wal WALMART and 24 Hr Fitness.

  • April, 2016

  • Apr 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,225,000

    Price

Show More

Tax History for 11851 Gilbert St

Assessed Value (2020): $1,400,000
Year Land Value Improved Value Assessed Value
2020 $1,150,000 $250,000 $1,400,000

Home Value Compared to the Market

This property vs the competition

11851 Gilbert St sold on October 25, 2022 for 109.12% higher than the current median sold price for the city of Garden Grove which is $932,000. The median sold price per/sqft for Garden Grove is $637 and this home is sold at $318.46 per/sqft which puts the price per square foot 50.01% lower than the current median sale per square foot for the city of Garden Grove.

About 11851 Gilbert St

Detailed summary of property

11851 Gilbert St is a office that recently sold in Garden Grove, CA 92841. This office offered -- bedrooms, -- bathrooms, roughly 6,120 living square feet, and sits on an approximately 16,117 square foot lot. 11851 Gilbert St was first listed on ArdentRealEstateGroup.com on June 8, 2022. The homeowner sold the property for $1,850,000. Home in Garden Grove are selling for a median price of $932,000 and a median price per square foot of $637. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 109.12% higher than the current median priced home. Local homes that are currently for sale include 125 N Raymond Ave #413, 2055 Hamner Ave and 16742 Orange Way. While the average home in Garden Grove, CA is selling in 33 days, 11851 Gilbert St has a days on market of 43 days. There are currently 119 homes for sale in the Garden Grove real estate market and 98 of them are single family homes while 17 of them are condos and 4 are townhomes. For more information on this home for sale at 11851 Gilbert St Garden Grove, CA 92841 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 11851 Gilbert St

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
6,120
Lot Size
16,645
Stories
2
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
132-423-30

The source for these homes facts are from public records.

92841 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,019,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$925,000
Median Sold Price/Sq.Ft.
$678
Total Inventory
33
Median Sale to List Price %
102.78%
Avg Days on Market
7
Loan Type
Conventional (37.5%), FHA (0%), VA (12.5%), Cash (37.5%), Other (12.5%)

Thinking of Selling?

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(714) 706-1823

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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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