9861 Central Ave, Garden Grove, CA 92844
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9861 Central Ave Garden Grove, CA 92844

$1,731,000 Sold Price as of 03/07/2024
  • 8 Beds
  • 7 Baths
  • 4,015 Sq.Ft.
Sold
$1,731,000 Sold Price as of 03/07/2024 Refinance Your Mortgage

Map preview of 9861 Central Ave, Garden Grove, CA 92844

Property Overview: 9861 Central Ave Garden Grove, CA has 8 bedrooms, 7 bathrooms, 4,015 living square feet and 11,326 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: TREMENDOUS OPPORTUNITY TO OWN INCOME PRODUCING FOURPLEX! PRICE REDUCED! Proudly presenting a fantastic opportunity to own this lucrative wealth building machine! Located in a highly sought after area, prime location near the 22 freeway on Brookhurst St. between Garden Grove Blvd and Westminster Ave. Conveniently close to shopping centers and all the amenities you need. All four units have long term housing tenants which provides for steady solid income. Upside opportunity to increase rent to increase rent value. All tenants are currently on month to month leases. Owner to sell as is. Four units features unit 1. 2 bed 2 full bath, unit 2. 2 bed 2 full bath unit3. 3 bed 2 fullbath unit 4. 1 bed 1 full bath. Five attached garage parking with additional guest parking. Owner prefers to sell 9851 Central ave which has four units along with 9861 which also has four units as a package but will also sell separately. This amazing asset located in a prime area makes this fourplex a hot commodity in the rental market. Take advantage of this once in a lifetime opportunity! Please submit all offers with POF/pre-approval to Mr. Tony Phong at [email protected]

Listed by Tony Phong | BRE #01744753 | eXp Realty of Greater Los Angeles, Inc.
Last checked: 6 minutes ago | Last updated: March 8th, 2024 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
11,326
HOA Dues
$0/mo
Year built
1963
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC23227383
City
Garden Grove
County
Orange
Time on Site
276 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,980
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,430
  • Total Rent: $1,430
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $83,760
  • Net Operating Income: $75,210
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,550
  • Electric: $600
  • Gas/Fuel: $0
  • Trash: $2,250
  • Insurance: $2,000
  • Professional Management: $0
  • Water/Sewer: $2,500

Property Details for 9861 Central Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 09853111
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: None
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: UNKNOWN
  • Directions: Brookhurst St. between Garden Grove Blvd and Westminster Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 9861 Central Ave

Last sold for $1,731,000 on March 7th, 2024
  • March, 2024

  • Mar 7, 2024

    Date

    Sold

    CRMLS: OC23227383

    $1,731,000

    Price

  • Dec 17, 2023

    Date

    Active

    CRMLS: OC23227383

    $1,839,000

    Price

  • July, 2003

  • Jul 8, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,180,000

    Price

  • June, 1998

  • Jun 30, 1998

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

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Tax History for 9861 Central Ave

Assessed Value (2020): $767,023
Year Land Value Improved Value Assessed Value
2020 $583,083 $183,940 $767,023

Home Value Compared to the Market

This property vs the competition

9861 Central Ave sold on March 7, 2024 for 112.9% 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 $448.07 per/sqft which puts the price per square foot 24.69% lower than the current median sale per square foot for the city of Garden Grove.

About 9861 Central Ave

Detailed summary of property

9861 Central Ave is a fourplex that recently sold in Garden Grove, CA 92844. This fourplex offered 8 bedrooms, 7 bathrooms, roughly 4,015 living square feet, and sits on an approximately 11,326 square foot lot. 9861 Central Ave was first listed on ArdentRealEstateGroup.com on December 18, 2023. The homeowner sold the property for $1,731,000. 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 112.9% higher than the current median priced home. Local homes that are currently for sale include 3216 W Cabot Dr, 3217 W Cabot Dr and 3700 W Savanna St. While the average home in Garden Grove, CA is selling in 34 days, 9861 Central Ave has a days on market of 48 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 9861 Central 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 9861 Central Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
4,015
Lot Size
12,464
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
3
APN
098-531-11

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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Related Resources to 9861 Central Ave

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.