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12611 Morningside Ave, Garden Grove, CA 92843
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12611 Morningside Ave Garden Grove, CA 92843

$2,575,000
  • 12 Beds
  • 8 Baths
  • 5,337 Sq.Ft.
For Sale
$2,575,000 Get Pre-Qualified
Map preview of 12611 Morningside Ave, Garden Grove, CA 92843

Property Overview: 12611 Morningside Ave Garden Grove, CA has 12 bedrooms, 8 bathrooms, 5,337 living square feet and 9,718 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: Great Apartment Opportunity in the heart of GARDEN GROVE City. HIGHEST CAP RATE in GARDEN GROVE! Property in excellent condition. Four of 8 units are 1bed/1bath, and Four of 8 units are 2beds/ 1bath. Most of 8 units fully renovated in turnkey condition.Property is well maintained. Units include: tile, newer kitchen cabinet, new appliances, new fixtures, new outlets, newer bathroom, kitchen countertops. All of 8 units Long term Section 8 tenants. Rental income is accurate & guarantee every month!

Listed by Jeannie Nguyen | BRE #01336113 | Superior Real Estate Group
Last checked: 4 minutes ago | Last updated: May 18th, 2024 | Source CRMLS | DOM: 0
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Home details

Lot Sq. Ft
9,718
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24088945
City
Garden Grove
County
Orange
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,798
  • Total Rent: $1,798
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.34%
  • Gross Rent Multiplier: 13.58
  • Gross Scheduled Income: $189,576
  • Net Operating Income: $137,508
  • Gross Operating Income: $189,576
  • Vacancy Allowance: $0
  • Laundry Income: $120
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $52,068
  • Electric: $480
  • Gas/Fuel: $4,800
  • Licenses: $67
  • New Taxes: $30,803
  • Trash: $3,567
  • Gardener: $1,020
  • Insurance: $5,263
  • Maintenance: $2,000
  • Professional Management: $0
  • Water/Sewer: $4,069

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Property Details for 12611 Morningside Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Kitchen
Kitchen Information
  • Has Appliances
  • Convection Oven, Gas Oven, Gas Range
Interior Features
  • Block Walls
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 19812223
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Westminster & Clinton
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Garden Grove Agent

Sale History for 12611 Morningside Ave

Last sold on March 26th, 2019

  • May, 2024

  • May 3, 2024

    Date

    Active

    CRMLS: PW24088945

    $2,575,000

    Price

  • March, 2019

  • Mar 26, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2013

  • May 21, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12611 Morningside Ave

Assessed Value (2020): $1,261,096
Year Land Value Improved Value Assessed Value
2020 $1,140,997 $120,099 $1,261,096

Home Value Compared to the Market

This property vs the competition

12611 Morningside Ave is listed 164.16% higher than the median list price for the city of Garden Grove which has a median list price of $974,800. The median price per/sqft for Garden Grove is $595 and this home is listed at $482.48 per/sqft which puts the price per square foot 18.91% lower than the median price per square foot for the city of Garden Grove.

About 12611 Morningside Ave

Detailed summary of property

12611 Morningside Ave is a apartment located in Garden Grove, CA 92843 and is currently for sale. This apartment offers 12 bedrooms, 8 bathrooms, roughly 5,337 living square feet, and sits on an approximately 9,718 square foot lot. 12611 Morningside Ave was first listed on ArdentRealEstateGroup.com on May 3, 2024. The homeowner is currently asking $2,575,000. The median priced home in Garden Grove is $974,800 with a median price per square foot of $595. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is listed 164.16% higher than the median priced home. Local competing homes currently for sale include 186 Del Mar Ave, 150 Cecil Pl and 353 Hamilton St. There are currently 116 homes for sale in the Garden Grove real estate market and 92 of them are single family homes while 18 of them are condos and 6 are townhomes. For more information on this home for sale at 12611 Morningside Ave 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 12611 Morningside Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
5,338
Lot Size
10,174
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
63
APN
198-122-23

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
$1,000,000
Median List Price/Sq.Ft.
$653
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$663
Total Inventory
20
Median Sale to List Price %
105.71%
Avg Days on Market
8
Loan Type
Conventional (77.78%), FHA (0%), VA (0%), Cash (11.11%), Other (11.11%)

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Homes for Sale Near 12611 Morningside Ave

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Recently Sold Homes Near 12611 Morningside Ave

12562 Morningside Ave, Garden Grove, CA 92843
$2,200,000 Last Sold Price
14 Beds
8 Baths
5337 Sq.Ft.
12562 Morningside Ave
Garden Grove, CA 92843
12561 Morningside Ave, Garden Grove, CA 92843
$2,200,000 Last Sold Price
14 Beds
8 Baths
5337 Sq.Ft.
12561 Morningside Ave
Garden Grove, CA 92843
12562 Keel Ave, Garden Grove, CA 92843
$1,750,000 Last Sold Price
8 Beds
8 Baths
5050 Sq.Ft.
12562 Keel Ave
Garden Grove, CA 92843
12702 Morningside Ave, Garden Grove, CA 92843
$2,160,000 Last Sold Price
12 Beds
8 Baths
5337 Sq.Ft.
12702 Morningside Ave
Garden Grove, CA 92843

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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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