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9801 Russell Ave, Garden Grove, CA 92844
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9801 Russell Ave Garden Grove, CA 92844

$2,500,000 Sold Price as of 03/25/2021
  • 128 Beds
  • 64 Baths
  • 5,460 Sq.Ft.
Sold
$2,500,000 Sold Price as of 03/25/2021 Refinance Your Mortgage
Map preview of 9801 Russell Ave, Garden Grove, CA 92844

Property Overview: 9801 Russell Ave Garden Grove, CA has 128 bedrooms, 64 bathrooms, 5,460 living square feet and 22,974 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting a rare opportunity to acquire an investment property on a very large lot in the city of Garden Grove. It is perfect for an investor looking to acquire a property to maximize its income potential or possible redevelopment. This 8-unit multifamily investment property is located in a diverse and rapidly developing community of Garden Grove in desirable metro Orange County. Situated on more than half acre lot, this 22,974 square foot property consists of 2 buildings (9801 & 9811 Russell) on the same parcel with an enclosed courtyard, 2 bedroom/1 bathroom floor plans, 8 assigned garage parking plus 8 exterior additional spaces, an on-site community coin-operated laundry room and generous sized storage rooms. Each unit is individually metered for gas and electric. Each unit has individual gas water heater. Well maintained and with countless improvements, this property commands pride of ownership. Long-term tenants and 100% occupied. With strong market trends and current rental demand, this property provides investors an opportunity to capitalize on the potential value appreciation. Don’t miss out on a fantastic opportunity to own this unique property! Drive by ONLY, do NOT disturb occupants.

Listed by Susan Kim | BRE #01893432 | Keller Williams Encino-Sherman Oaks
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
22,974
HOA Dues
$0/mo
Year built
1957
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR21008508
City
Garden Grove
County
Orange
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 16
  • # of Baths: 8
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,739
  • Total Rent: $11,739
  • Pro Forma/Market Rent: $12,156
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.83%
  • Gross Rent Multiplier: 16.75
  • Gross Scheduled Income: $143,265
  • Net Operating Income: $92,024
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $46,946
  • New Taxes: $28,380
  • Trash: $2,497
  • Insurance: $2,662
  • Professional Management: $0
  • Water/Sewer: $4,572

Virtual Tour

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Property Details for 9801 Russell Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Kitchen, Living Room, Main Floor Bedroom
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 8
  • Parcel Number: 09821105
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Unknown
  • Directions: Off Brookhurst, corner of Verde
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Garden Grove Agent

Sale History for 9801 Russell Ave

Last sold for $2,500,000 on March 25th, 2021

  • March, 2021

  • Mar 25, 2021

    Date

    Sold

    CRMLS: SR21008508

    $2,500,000

    Price

  • Feb 5, 2021

    Date

    Pending

    CRMLS: SR21008508

    $2,400,000

    Price

  • Jan 17, 2021

    Date

    Active Under Contract

    CRMLS: SR21008508

    $2,400,000

    Price

  • Jan 14, 2021

    Date

    Active

    CRMLS: SR21008508

    $2,400,000

    Price

  • June, 2003

  • Jun 3, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9801 Russell Ave

Assessed Value (2020): $196,110
Year Land Value Improved Value Assessed Value
2020 $67,075 $129,035 $196,110

Home Value Compared to the Market

This property vs the competition

9801 Russell Ave sold on March 25, 2021 for 184.02% higher than the current median sold price for the city of Garden Grove which is $845,000. The median sold price per/sqft for Garden Grove is $595 and this home is sold at $439.56 per/sqft which puts the price per square foot 26.12% lower than the current median sale per square foot for the city of Garden Grove.

About 9801 Russell Ave

Detailed summary of property

9801 Russell Ave is a multi family that recently sold in Garden Grove, CA 92844. This multi family property offered 128 bedrooms, 64 bathrooms, roughly 5,460 living square feet, and sits on an approximately 22,974 square foot lot. 9801 Russell Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,500,000. Home in Garden Grove are selling for a median price of $845,000 and a median price per square foot of $595. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 184.02% higher than the current median priced home. Local homes that are currently for sale include 402 W Fairway Dr, 526 17th St and 7361 Artesia Blvd. While the average home in Garden Grove, CA is selling in 34 days, 9801 Russell Ave has a days on market of 3 days. There are currently 157 homes for sale in the Garden Grove real estate market and 112 of them are single family homes while 37 of them are condos and 8 are townhomes. For more information on this home for sale at 9801 Russell 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 9801 Russell Ave

Public county record property details
Beds
--
Baths
--
Year built
1957
Sq. Ft.
5,460
Lot Size
22,974
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
098-211-05

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
$800,000
Median List Price/Sq.Ft.
$593
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$574
Total Inventory
19
Median Sale to List Price %
104.31%
Avg Days on Market
11
Loan Type
Conventional (50%), FHA (12.5%), VA (0%), Cash (25%), 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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