9821 Acacia Avenue, Garden Grove, CA 92841 (MLS# 219111666)

9821 Acacia Avenue, Garden Grove, CA 92841

$9,700,000
Property Type: Residential Income Square Footage: 24,768 Status: Closed
Current Price: $9,700,000 List Date: 5/17/2024 Last Modified: 11/20/2024

Overview

Description

Exceptional Investment Opportunity in Garden Grove. Presenting an extremely rare chance to acquire a premier 24-unit, All 2bdr/2bth Cottages, multifamily property, Vinebrier Apartments, located at 9821 through 9851 Acacia Avenue in Garden Grove. This pride-of-ownership investment includes eight buildings on a sprawling 81,457 square feet of land, with a total building area of 24,768 square feet. Constructed in 1960, this complex offers 24 well-maintained units. The property features frame and stucco construction with a decorative brick façade, exuding a timeless appeal. Residents will enjoy the beautiful gated pool and meticulously landscaped common areas. Each unit is provided with a private garage, supplemented by additional surface parking at the rear of the complex. Vinebrier Apartments are situated in a residential community, just one block south of the major commercial thoroughfare, Garden Grove Boulevard. The property boasts attractive amenities, including controlled access for ...

Listing Details MLS# 219111666

General Property Information

Total Units
24
Approx SqFt
24768
SqFt Source
Assessor
Fireplace
No
Building # of Stories
2
Pool
Yes
Lot Size Source
Assessor
Year Built
1960
Cross Streets
Galway St & Brookhurst Way

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional Possession: Close Of Escrow Lot Description: Landscaped; Lawn Lot Location: Greenbelt View Type: Peek-A-Boo; Pool Other Structural Features: Balcony; Premium Lot Disclosures: Property As Is Community Features: Community Mailbox Building Style: Cottage Levels: Two Entry Location: Ground Level - No Steps; Ground Level w/Steps Exterior Construction: Brick; Stucco Foundation: Slab Flooring: Other Cooling Type: Zoned; Other Pool Location: Community Pool Accessories: Safety Gate Pool Construction: In Ground Pool Description: Community Heating: Zoned; Other Rooms: Other Laundry: Community Security Safety: Community Roofing: Shingle Sewer: In, Connected and Paid Parking: Assigned; Community Structure Road Surface Type: Paved Contingent Upon: Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

APN
13337219
Original List Price
10000000
Property Sub-Type
Apartment
Street #
9821
Street Name
Acacia
Street Suffix
Avenue
County
Orange
State
CA
Zip Code
92841
Area
N/A
Country
US

Listing Info

Number of Buildings
8
Inclusions
9821-9851 Acacia Ave
Water Heater
Yes
Laundry
Yes
Laundry Equipment
Lease
Elevator
No

Tax Info

Tax Mello Roos
Unknown
Annual Taxes
16528

Property Info

Senior Community
No
Gated Community
Yes
Type of Business
Apartments operate as Vinebrier Apartments
View
Yes

More Information

Status Change Info

Status Change Date
2024-10-29
Pending Date
2024-10-24
Closed Date
2024-10-28
Closed Price
9700000

Counts

# Electric Meters
24
# Gas Meter
24
# Water Meters
24

Parking SpacesInformation

Total Carport Spaces
Yes
Total Garage Spaces
Yes
Total Parking Spaces
4

Unit Information

Number of Units Leased
24

Listing, Location and Property Info

Entry Date
2024-05-17
Land Type
Fee

Income & Expenses

Actual Total Rent $
555720

Owner Pays

Parking Fee
0

Community Features

Community Mailbox
Yes

Sale Type

Standard
Yes

Road Surface Type

Paved
Yes

Listing Terms

Cash
Yes
Cash to New Loan
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

RV
Yes
Total Covered Spaces
1
Total Uncovered/Assigned Spaces
1
RV Parking Dimensions
large

Lot Description

Landscaped
Yes
Lawn
Yes

Lot Location

Greenbelt
Yes

View Type

Peek-A-Boo
Yes
Pool
Yes

Other Structural Features

Balcony
Yes
Premium Lot
Yes

Disclosures

Property As Is
Yes

Building Style

Cottage
Yes

Levels

Two
Yes

Entry Location

Ground Level - No Steps
Yes
Ground Level w/Steps
Yes

Exterior Construction

Brick
Yes
Stucco
Yes

Foundation

Slab
Yes

Flooring

Other
Yes

Cooling Type

Zoned
Yes
Other
Yes

Pool Location

Community
Yes

Pool Accessories

Safety Gate
Yes

Pool Construction

In Ground
Yes

Pool Description

Community
Yes

Heating

Zoned
Yes
Other
Yes

Rooms

Other
Yes

Laundry

Community
Yes

Security Safety

Community
Yes

Roofing

Shingle
Yes

Sewer

In, Connected and Paid
Yes

Parking

Assigned
Yes
Community Structure
Yes

Contingent Upon

Loan Approval
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: OZA Realty Inc.
Listing Agent: Jose Espinoza
Last Updated: November - 20 - 2024
Information deemed reliable but not guaranteed.

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