About 12611 Morningside Ave
Great Apartment Opportunity in the heart of GARDEN GROVE City. HIGHEST CAP RATE in GARDEN GROVE! Property in excellent condition. Four of 8 units are 1bed/1bath, and Four of 8 units are 2beds/ 1bath. Most of 8 units fully renovated in turnkey condition.Property is well maintained. Units include: tile, newer kitchen cabinet, new appliances, new fixtures, new outlets, newer bathroom, kitchen countertops. All of 8 units Long term Section 8 tenants. Rental income is accurate & guarantee every month!
Features of 12611 Morningside Ave
| MLS® # | PW24088945MR |
|---|---|
| Price | $2,575,000 |
| Units | 8 |
| Bedrooms | 12 |
| Bathrooms | 8.00 |
| Square Footage | 5,337 |
| Acres | 0.22 |
| Year Built | 1961 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 12611 Morningside Ave |
|---|---|
| Area | N of Bolsa, S of Gr Grv, E of Beach, W of Brookhurst |
| City | GARDEN GROVE |
| County | Orange |
| State | CA |
| Zip Code | 92843 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Garages | Assigned |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Convection Oven, Oven-Gas, Range |
|---|---|
| Heating | Wall |
| Cooling | None |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Roof | Flat Roof |
|---|
Additional Information
| Date Listed | May 3rd, 2024 |
|---|---|
| Days on Market | 17 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 5.34 |
| Gross Operating Income | $189,576 |
| Net Operating Income | $137,508 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,200 |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,750 |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,798 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,150 |
Unit 5 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,200 |
Unit 6 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,200 |
Unit 7 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,850 |
Unit 8 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,850 |
Listing Details
| Agent | Jeannie Nguyen (01336113) |
|---|---|
| Office | Superior Real Estate Group |