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12621 Morningside Ave, Garden Grove, CA 92843
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12621 Morningside Ave Garden Grove, CA 92843

$2,799,000
  • 12 Beds
  • 8 Baths
  • 5,337 Sq.Ft.
For Sale
$2,799,000 Get Pre-Qualified
Map preview of 12621 Morningside Ave, Garden Grove, CA 92843

Property Overview: 12621 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: Price Reduced. Welcome to this exceptional investment opportunity at 12621 Morningside Ave, located in the heart of Garden Grove, California. This property features an 8-unit apartment complex that is a perfect blend of comfort and convenience. Each unit is thoughtfully designed with a spacious layout to provide a comfortable living experience. The units feature large windows that allow for plenty of natural light, enhancing the warm and inviting atmosphere of each apartment. The property is situated in a great location, offering easy access to a variety of local attractions and amenities. It’s just a short drive away from shopping centers, restaurants, parks, and schools, making it an ideal location for families and working professionals alike. This is a fantastic opportunity for investors looking for a steady income stream, as all units are currently occupied with reliable tenants. The property has been well-maintained and managed, ensuring a hassle-free investment experience. Don’t miss out on this rare opportunity to own a multi-unit property in the thriving city of Garden Grove. Contact us today for more information or to schedule a viewing.

Listed by Tiffany Nguyen | BRE #01429636 | Advance Estate Realty
Co-listed by Dean Nguyen | BRE #02152332 | Advance Estate Realty
Last checked: 9 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 64
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Home details

Lot Sq. Ft
9,718
HOA Dues
$0/mo
Year built
1961
Garage
8 Car
Property Type:
Apartment
Status
Active
MLS#
OC24034738
City
Garden Grove
County
Orange
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $179,400
  • Net Operating Income: $136,016
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $43,384
  • Electric: $585
  • Gas/Fuel: $4,112
  • New Taxes: $28,000
  • Trash: $2,750
  • Gardener: $1,020
  • Insurance: $3,000
  • Professional Management: $0
  • Water/Sewer: $3,917

Open Houses for 12621 Morningside Ave

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Property Details for 12621 Morningside Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Gas Dryer Hookup, Individual Room, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • Entry, Great Room, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Open Floorplan
  • Levels: Two
  • Security Features: Security Lights, Smoke Detector(s)
  • Door Features: Insulated Doors
Exterior Features
Exterior Information
  • Roof: Flat
  • TV Antenna
  • Has Fence
  • Average Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Attached Carport, Covered, Driveway
Lot Information
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 19812222
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: other
  • Directions: Westminster & Clinton
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Garden Grove Agent

Sale History for 12621 Morningside Ave

Last sold on May 12th, 2010

  • February, 2024

  • Feb 19, 2024

    Date

    Active

    CRMLS: OC24034738

    $2,899,000

    Price

  • May, 2010

  • May 12, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2009

  • Dec 17, 2009

    Date

    Sold (Public Records)

    Public Records

    $995,000

    Price

Show More

Tax History for 12621 Morningside Ave

Assessed Value (2020): $1,174,390
Year Land Value Improved Value Assessed Value
2020 $590,148 $584,242 $1,174,390

Home Value Compared to the Market

This property vs the competition

12621 Morningside Ave is listed 187.37% higher than the median list price for the city of Garden Grove which has a median list price of $974,000. The median price per/sqft for Garden Grove is $603 and this home is listed at $524.45 per/sqft which puts the price per square foot 13.03% lower than the median price per square foot for the city of Garden Grove.

About 12621 Morningside Ave

Detailed summary of property

12621 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. 12621 Morningside Ave was first listed on ArdentRealEstateGroup.com on February 19, 2024. The homeowner is currently asking $2,799,000 and was originally asking $2,899,000. The median priced home in Garden Grove is $974,000 with a median price per square foot of $603. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is listed 187.37% higher than the median priced home. Local competing homes currently for sale include 734 Center St, 1310 W Valencia Dr and 216 W Santa Fe Ave. While the average home in Garden Grove, CA is selling in 33 days, 12621 Morningside Ave has a days on market of 64 days. There are currently 117 homes for sale in the Garden Grove real estate market and 95 of them are single family homes while 17 of them are condos and 5 are townhomes. For more information on this home for sale at 12621 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 12621 Morningside Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
5,338
Lot Size
9,500
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
62
APN
198-122-22

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
$1,098,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$663
Total Inventory
11
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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Recently Sold Homes Near 12621 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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