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8661 Trask Ave Garden Grove, CA 92844

$3,100,000 Sold Price as of 11/18/2022

17 Beds
9 Baths
8,892 Sq.Ft.

Sold

$3,100,000 Sold Price as of 11/18/2022 Refinance Your Mortgage

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Map preview of 8661 Trask Ave, Garden Grove, CA 92844

Property Overview: 8661 Trask Ave Garden Grove, CA has 17 bedrooms, 9 bathrooms, 8,892 living square feet and 17,010 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A 9-unit multifamily building in Garden Grove. It was under non-rent control before but is now in AB 1482 which is supposed to expire in 2030. The Rental Increase rate is 5% + CPI annually, but CAP is 10%. Spacious with 1 balcony and 1 patio per unit. Enough parking Spots 12 + - 4. There are 2 main buildings (Originally Permitted as 2 4-unit) and 1 non-conforming Building, which has been in existence since 2007 when the owner bought it, on Large 17,010SF Lot. Unit Mix: 6 2bed 1.5bath, 2 2bed 1 bath and 1 bed 1 bath. 6 2bed 1.5 bath units consist of 2 stories like a townhome. 2 2 bed 1 bath units have larger balcony and patio on 2nd floor. 1 1bed 1bath is a non- conforming unit. Close to Schools, Costco, Markets and Major Highways. Building size looks larger than 9,000 SF including 1 non-conforming unit, but Buyer needs to verify it within due-diligence period. Please email or text me to receive a setup sheet with rent roll.

Listed by Sang (Brian) Ji | BRE #01443223 | Total Commercial, Inc.

Last checked: 15 minutes ago | Last updated: November 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft: 17,010
HOA Dues: $0/mo
Year built: 1965
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22211903
City: Garden Grove
County: Orange
Time on Site: 572 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 9
Total # of Buildings: 3

Unit Breakdown 1

# of Units: 6
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,600
Total Rent: $12,183
Pro Forma/Market Rent: $15,600

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,600
Total Rent: $4,425
Pro Forma/Market Rent: $5,200

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,320
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 11.91
Gross Scheduled Income: --
Net Operating Income: $204,510
Gross Operating Income: $272,964

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 8661 Trask Ave

Interior Features

Heating Information

Has Heating
Natural Gas

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 14
Has Parking
Parking Features: Driveway, Attached Carport

Lot Information

Lot Size Source: Plans

Property Information

Has View
View: Courtyard
Total # of Units: 9
Parcel Number: 09725410

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: 1 Block South of Garden Grove Blvd and 1 Block East of Beach Blvd.

View more facts & features

Local Garden Grove Agent

Sale History for 8661 Trask Ave

Last sold for $3,100,000 on November 18th, 2022

November, 2022
Nov 18, 2022

Date

Sold

CRMLS: 22211903

$3,100,000

Price
Oct 24, 2022

Date

Active

CRMLS: 22211903

$3,250,000

Price
October, 2007
Oct 10, 2007

Date

Sold (Public Records)

Public Records

$1,451,500

Price

Tax History for 8661 Trask Ave

Assessed Value (2020): $1,743,316

Year	Land Value	Improved Value	Assessed Value
2020	$1,333,221	$410,095	$1,743,316

Home Value Compared to the Market

This property vs the competition

8661 Trask Ave sold on November 18, 2022 for 248.71% 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 $365.5 per/sqft which puts the price per square foot 42.62% lower than the current median sale per square foot for the city of Garden Grove.

About 8661 Trask Ave

Detailed summary of property

8661 Trask Ave is a multi family that recently sold in Garden Grove, CA 92844. This multi family property offered 17 bedrooms, 9 bathrooms, roughly 8,892 living square feet, and sits on an approximately 17,010 square foot lot. 8661 Trask Ave was first listed on ArdentRealEstateGroup.com on October 25, 2022. The homeowner sold the property for $3,100,000. 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 248.71% higher than the current median priced home. Local homes that are currently for sale include 218 Indianapolis Ave, 206 Chicago Ave and 205 Huntington St. While the average home in Garden Grove, CA is selling in 32 days, 8661 Trask Ave has a days on market of 16 days. 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 8661 Trask Ave Garden Grove, CA 92844 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 8661 Trask Ave

Public county record property details

Beds: --
Baths: --
Year built: 1965
Sq. Ft.: 8,392
Lot Size: 16,947
Stories: 2

Type: Apartments (Generic)
Pool: No
Spa: No
County: Orange
Lot#: --
APN: 097-254-10

The source for these homes facts are from public records.

92844 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,050,000

Median List Price/Sq.Ft.

$582

Median Sold Price

$786,000

Median Sold Price/Sq.Ft.

$524

Total Inventory

Median Sale to List Price %

95.97%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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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.