9602 Alwood Avenue

Garden Grove, CA 92841

$4,835,000
Price
3
Beds
16
Baths
12,990 Sq. Ft.
$372 / Sq. Ft.
12,990
Sq. Ft.
$372
per Sq. Ft.

Description

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,...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.
  1. Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group • gary@triqorgroup.com

Property Details for 9602 Alwood Avenue

Parking Spaces Total
12
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
12990
Assessor Parcel Number
133-091-31
Property Attached YN
true

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403
Add your commute
LISTING UPDATED: 02/08/2024 08:41 AM

Property Details for 9602 Alwood Avenue

StatusActive
MLS #PW23148064
Days on Market256
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyOrange County

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403
Add your commute

Building Information for 9602 Alwood Avenue

Building/Complex9602 Alwood AveFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-

Payment Calculator

$28,091 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,387

Property Taxes

$1,704

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9602 Alwood Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $332,904
  • Gross Scheduled Income: $343,200
  • Net Operating Income: $218,488
Expense Details
  • Operating Expense: $114,416
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $114,416
Tax / Assessment Info
  • Tax Tract Number: 3076
  • Tax Census Tract: 882.03
  • CFD/Mello-Roos Fee: $2,221
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 133-031-30
  • Lot Features: Rectangular Lot
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
  • Parking Garage Spaces: 12
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,645
  • Unit Type Total Rent: $16,450
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,975
  • Unit Type Total Rent: $11,850
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 2

Property History for 9602 Alwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9602 Alwood Avenue

Taxable ValueLand$1,312,993Additions$227,757Total$1,540,750
Tax Record2023$20,452 ($1,704 / month)
Home Facts
Total Finished SqFt6,118 SqFtAbove Grade Finished SqFt6,118 SqFtStories2Lot Size9,655 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyORANGEAPN133-091-31

Schools near 9602 Alwood Avenue

This home is within Garden Grove Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Brookhurst Elementary School
PublicK to 6

Dr. Walter C. Ralston Intermediate School
Public7 to 8

Rancho Alamitos High School
Public9 to 12

Marie L. Hare High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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9602 Alwood Avenue is a multi-family home for sale in Garden Grove, CA 92841. This property was listed for sale on August 9, 2023 by Triqor Group, it's currently listed at $4,835,000. It has been on the market for a total of 256 days and was last sold on September 28, 2001. This listing's school district is Garden Grove Unified School District. Nearby schools include Brookhurst Elementary School, Dr. Walter C. Ralston Intermediate School and Rancho Alamitos High School. 9602 Alwood Avenue is a 3-bed, 16-bath, 12,990 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.