12341 Lewis ST, Garden Grove, CA 92840 – OC25077191

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 13,650,000

Est. payment | -/mo

2.42 Acres Lot

Save

$ 13,650,000

Est. payment | -/mo

Save

2.42 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID OC25077191

HOA Y/N No

Year Built 1963

Lot Size 2.420 Acres

Property Sub-Type Apartment

Property Description

Garden Walk is a one of a kind 36-unit multifamily investment opportunity located in Garden Grove, CA. Located on the border of Anaheim, Garden Grove, and Orange, Garden Walk is uniquely placed in-close proximity of Orange County's top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, the Honda Center, The Outlets at Orange, and UCI Medical Center, all of which are situated within 2 miles of the property. Furthermore, Garden Walk's proximity to the Anaheim Regional Transportation Intermodal Center (ARTIC) and the 5, 57, and 22 Interchange provides residents with convenient access throughout Southern California. Garden Walk offers an attractive mix of one and two-bedroom units, of which 28 feature single-story construction and 8 feature two-story townhome construction. This diverse mix of floor plans helps Garden Walk appeal to a broad renter pool. The property, built in 1963 on a spacious 2.42-acre parcel offers a new owner the unique opportunity to take advantage of existing open and amenity space to add units via new construction and/or as accessory dwelling units (ADU), substantially increasing cashflow. Garden Walk features desirable amenities including gated access, a swimming pool with a spacious pool-side pavilion, two on-site laundry facilities, and ample carport and surface parking spaces. Additionally, each unit at the property features a spacious private patio, an in-demand amenity for rental units. In summary, Garden Walk's fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, Garden Walk represents an attractive opportunity for a new owner seeking well located units.

Location

State CA

County Orange

Area 699 - Not Defined

Zoning R3

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 36

Pool Community

Community Features Curbs, Gutter(s), Sidewalks, Pool

Total Parking Spaces 72

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 23120103

Energy Description 16337.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tyler Leeson Marcus & Millichap RE Invest tleeson@marcusmillichap.com

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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12341 Lewis ST Garden Grove, CA 92840