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9602 Alwood Ave, Garden Grove, CA 92841
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9602 Alwood Ave Garden Grove, CA 92841

$4,835,000
  • 22 Beds
  • 16 Baths
  • 12,990 Sq.Ft.
For Sale
$4,835,000 Get Pre-Qualified
Map preview of 9602 Alwood Ave, Garden Grove, CA 92841

Property Overview: 9602 Alwood Ave Garden Grove, CA has 22 bedrooms, 16 bathrooms, 12,990 living square feet and 20,101 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: We are pleased to present the Alwood Garden Apartments, a well-maintained 16-unit apartment building consisting of two adjacent buildings with eight units each. The property boasts an open layout and is located in a great rental location near the 22 freeway. The current rents provide a 4.5% cap rate, with a 40% potential upside in rents. This presents a great opportunity for investors looking to increase their cash flow and equity. With the potential for higher rents and the property’s prime location, the Alwood Garden Apartments offer strong investment potential for savvy investors looking to add to their portfolio.

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 14 minutes ago | Last updated: February 9th, 2024 | Source CRMLS | DOM: 244
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Home details

Lot Sq. Ft
20,101
HOA Dues
$0/mo
Year built
1958
Garage
12 Car
Property Type:
Apartment
Status
Active
MLS#
PW23148064
City
Garden Grove
County
Orange
Time on Site
260 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Electric Meters: 17
  • # of Gas Meters: 17
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,645
  • Total Rent: $16,450
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $11,850
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $343,200
  • Net Operating Income: $218,488
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $114,416
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 9602 Alwood Ave

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Property Details for 9602 Alwood Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 13309131
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: /
  • Directions: Contact Agent
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Garden Grove Agent

Sale History for 9602 Alwood Ave

Last sold for $2,300,000 on August 25th, 2004

  • August, 2023

  • Aug 15, 2023

    Date

    Active

    CRMLS: PW23148064

    $4,835,000

    Price

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: PW19235281

    $4,200,000

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: PW19235281

    $4,200,000

    Price

  • Jun 26, 2020

    Date

    Hold

    CRMLS: PW19235281

    $4,200,000

    Price

  • May 2, 2020

    Date

    Active

    CRMLS: PW19235281

    $4,200,000

    Price

  • May 1, 2020

    Date

    Hold

    CRMLS: PW19235281

    $4,200,000

    Price

  • Apr 15, 2020

    Date

    Active

    CRMLS: PW19235281

    $4,200,000

    Price

  • Apr 14, 2020

    Date

    Hold

    CRMLS: PW19235281

    $4,200,000

    Price

  • Jan 15, 2020

    Date

    Price Change

    CRMLS: PW19235281

    $4,200,000

    Price

  • Nov 9, 2019

    Date

    Price Change

    CRMLS: PW19235281

    $4,475,000

    Price

  • Oct 4, 2019

    Date

    Active

    CRMLS: PW19235281

    $4,775,000

    Price

  • Listing provided courtesy of CRMLS

    There are 2 APNs - total of 16 units. In good condition, well maintained. Very desirable location, close to shopping center s and all other amenities. The front yard is pleasant and secluded, covered with large trees shielding from any disturbances from the street. All units are well maintained. There are 2 bedroom units in each building with a large patio, one is covered giving a larger square footage. The rents have been consistent, but the market rents in the area are much higher giving a greater potential of income.

  • August, 2004

  • Aug 25, 2004

    Date

    Sold (Public Records)

    Public Records

    $2,300,000

    Price

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Tax History for 9602 Alwood Ave

Assessed Value (2020): $1,465,737
Year Land Value Improved Value Assessed Value
2020 $1,249,067 $216,670 $1,465,737

Home Value Compared to the Market

This property vs the competition

9602 Alwood Ave is listed 396.41% 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 $372.21 per/sqft which puts the price per square foot 38.27% lower than the median price per square foot for the city of Garden Grove.

About 9602 Alwood Ave

Detailed summary of property

9602 Alwood Ave is a apartment located in Garden Grove, CA 92841 and is currently for sale. This apartment offers 22 bedrooms, 16 bathrooms, roughly 12,990 living square feet, and sits on an approximately 20,101 square foot lot. 9602 Alwood Ave was first listed on ArdentRealEstateGroup.com on August 16, 2023. The homeowner is currently asking $4,835,000. 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 396.41% higher than the median priced home. Local competing homes currently for sale include 410 Clubhouse Ave, 1809 W Bay Ave and 1321 W Bay Ave. While the average home in Garden Grove, CA is selling in 33 days, 9602 Alwood Ave has a days on market of 244 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 9602 Alwood Ave 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 9602 Alwood Ave

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
6,118
Lot Size
9,674
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
133-091-31

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
$999,000
Median List Price/Sq.Ft.
$628
Median Sold Price
$925,000
Median Sold Price/Sq.Ft.
$678
Total Inventory
31
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%)

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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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