$1,945,000
Presenting the Park Avenue Apartments, a premier four-unit multifamily investment in the heart of Garden Grove. Located near the major intersection of Brookhurst Street and Garden Grove Boulevard, this property sits in an ultra-high-demand rental submarket known for its exceptionally low vacancy rates and consistent rent growth. This 4,355-square-foot building is situated on a spacious 6,970-square-foot lot and features a highly desirable unit mix of all two-story, townhouse-style units (2BD/1.5BA). The property is currently occupied by a stable roster of long-term tenants, a testament to its quality and resident-centric amenities. Each unit offers large private patios, in-unit washer/dryer hookups, and ample parking within enclosed garages. The Park Avenue Apartments represent a rare opportunity to acquire a turn-key asset with immediate upside. Investors can capitalize on the existing stability while realizing proven value-add potential in one of Orange County’s most robust rental environments.
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Listed by Tiffany Nguyen with Advance Estate Realty (714) 894-4306
Property Type
Quadruplex
Status
Active
MLS Number
OC26041541
Year Built
1964
Lot Size
6,970 sq ft