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9252 Garden Grove Blvd #1, Garden Grove, CA 92844
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9252 Garden Grove Blvd #1 Garden Grove, CA 92844

$7,850,000
  • -- Beds
  • -- Baths
  • 21,368 Sq.Ft.
For Sale
$7,850,000 Get Pre-Qualified
Map preview of 9252 Garden Grove Blvd #1, Garden Grove, CA 92844

Property Overview: 9252 Garden Grove Blvd #1 Garden Grove, CA has -- bedrooms, -- bathrooms, 21,368 living square feet and 81,559 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: This value add property in the heart of Garden Grove is ready for an owner to properly manage as the tenant mix can be improved and rents are under market. The property consists of 4 buildings and tenants totaling 21,368 SF on a large 1.87 acre lot which, potentially, allows for development opportunity. There are 3 restaurant/café tenants that drive traffic to the property. There is great upside potential with increased rent and CAM reimbursement as the tenants were mostly leased up during the Pandemic. Property is with some tenants on month to month leases. Currently, there is 1 vacancy and income will improve when that unit is leased. Cap Rate: 5.77% (as-is) 6.91% (proforma) Gross Scheduled Income: $628,793 ($745,1036 proforma) per year Price/SF: $368.16s Owner is in process of improving the property including aesthetic upgrades, increasing income, and expense reimbursement so that the financials will noticeably improve over time. See offering memorandum for more information. Contact listing agent for the most up to date information.

Listed by Stephen Shiu | BRE #01921212 | STEPHEN SHIU, BROKER
Last checked: 5 minutes ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 165
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Home details

Lot Sq. Ft
81,559
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Retail
Status
Active
MLS#
CV23176589
City
Garden Grove
County
Orange
Time on Site
176 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 4
  • # of Leased Units: 11
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $612,548
  • Net Operating Income: $417,973
  • Gross Operating Income: --
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 9252 Garden Grove Blvd #1

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Property Details for 9252 Garden Grove Blvd #1

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Clay
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 100
Lot Information
  • Lot Features: 6-10 Units/Acre, Corner Lot, Lot Over 40000 Sqft, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 11
  • Parcel Number: 09857105
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: South Side Garden Grove Blvd, East of Magnolia, West of Brookhurst
View more facts & features

Local Garden Grove Agent

Sale History for 9252 Garden Grove Blvd #1

View property's historical transactions

  • November, 2023

  • Nov 4, 2023

    Date

    Active

    CRMLS: CV23176589

    $7,950,000

    Price

  • October, 2023

  • Oct 19, 2023

    Date

    Active

    CRMLS: CV23195377

    --

    Price

  • Listing provided courtesy of CRMLS

    End cap 2nd floor space with two entries (east and west) with opportunity for exclusive outdoor use and for signage on each side along with monument sign. The is one dividing wall not including the bathroom in the unit. Unit is currently tenant occupied. Other spaces available for lease. Inquire with agent. Correct unit number is 26.

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Tax History for 9252 Garden Grove Blvd #1

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

9252 Garden Grove Blvd #1 is listed 717.71% higher than the median list price for the city of Garden Grove which has a median list price of $960,000. The median price per/sqft for Garden Grove is $603 and this home is listed at $367.37 per/sqft which puts the price per square foot 39.08% lower than the median price per square foot for the city of Garden Grove.

About 9252 Garden Grove Blvd #1

Detailed summary of property

9252 Garden Grove Blvd #1 is a retail located in Garden Grove, CA 92844 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 21,368 living square feet, and sits on an approximately 81,559 square foot lot. 9252 Garden Grove Blvd #1 was first listed on ArdentRealEstateGroup.com on November 4, 2023. The homeowner is currently asking $7,850,000 and was originally asking $7,950,000. The median priced home in Garden Grove is $960,000 with a median price per square foot of $603. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is listed 717.71% higher than the median priced home. While the average home in Garden Grove, CA is selling in 31 days, 9252 Garden Grove Blvd #1 has a days on market of 165 days. There are currently 121 homes for sale in the Garden Grove real estate market and 98 of them are single family homes while 19 of them are condos and 4 are townhomes. For more information on this home for sale at 9252 Garden Grove Blvd #1 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 9252 Garden Grove Blvd #1

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$899,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$975,000
Median Sold Price/Sq.Ft.
$528
Total Inventory
15
Median Sale to List Price %
108.35%
Avg Days on Market
18
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (40%)

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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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