12702 Morningside Ave, GARDEN GROVE, CA

$2,700,000

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3

Beds

2

Baths

5,340

Square feet

0.24

Acres

About 12702 Morningside Ave

This well-located, recently renovated, turnkey eight-unit investment has immense building and curb appeal. The Morningside Apartments are located in Garden Grove next to a Northgate Market Shopping Center, a bustling Westminster Ave and Harbor Blvd intersection, and in between the 22 and 5 Freeways for easy access to greater Orange County. Built in 1961, the property had significant interior and exterior renovations in 2022-2023. The property is a two-story garden-style walk-up with a slightly pitched roof. There is an on-site laundry room and covered parking for tenants. The building was recently separately metered for electricity as well. Each of the units have had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new paved asphalt, new double-pane vinyl windows, and new wall air conditioning. Listing Agent has an interest in the property. These 8 units are centrally located close to Main Place Mall, The Outlets at Orange, Disneyland Resort, Disney California Adventure Park, Anaheim Marketplace, and Downtown Santa Ana. The property is less than a mile from many major retail centers and employment opportunities.

Features of 12702 Morningside Ave

MLS® # OC24036686MR
Price $2,700,000
Units 8
Bedrooms 3
Bathrooms 2.00
Square Footage 5,340
Acres 0.24
Year Built 1961
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 12702 Morningside Ave
Area Santa Ana North of First
City GARDEN GROVE
County Orange
State CA
Zip Code 92843

Amenities

Parking Spaces 11
# of Garages 3
Garages Assigned, Garage
Is Waterfront No
Has Pool No
Pool None

Interior

Heating Wall
Fireplace No
Fireplaces None
# of Stories 2
Has Basement No

Exterior

Windows Double Pane Windows
Roof Composition

Additional Information

Date Listed February 22nd, 2024
Days on Market 87
Foreclosure No
RE / Bank Owned No
Cap Rate 5.13
Gross Operating Income $197,952
Net Operating Income $138,571

Unit 1 Details

Beds 1
Baths 1.00
Rent $7,500

Unit 2 Details

Beds 2
Baths 1.00
Rent $9,300

Listing Details

AgentMark Bridge (01316702)
OfficeMark Bridge, Broker

Listing Map

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