14
See all 14 photos
$4,000,000
$4,190,000 4.5%
Est. payment /mo
0.42 Acres Lot
Sold on 04/08/2025
9661 9671 Maureen DR Garden Grove, CA 92841
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Key Details
Sold Price $4,000,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC25025659
Year Built 1958
Lot Size 0.420 Acres
Property Sub-Type Apartment
Property Description
9661 and 9671 Maureen Drive is a 12-unit multifamily investment property located in Garden Grove, California. Situated on an oversized 0.42-acre lot, this garden-style property showcases predominantly single-story construction and offers a highly desirable mix consisting exclusively of two-bedroom floor plans. Amenities at 9661 and 9671 Maureen Drive include an on-site laundry facility as well as ample garage and surface parking. Situated just South of Katella Avenue, 9661 and 9671 Maureen Drive places residents in close proximity of a plethora of shops, restaurants, and world-famous entertainment destinations. The property offers walkable access to a Crunch Fitness and Harvest Fresh Markets anchored retail center and is just a short drive from the Promenade at Garden Grove, a major retail center anchored by Walmart, Aldi, Regal Cinema and more. Additionally, the property is just 2.5 Miles from Disneyland, one of Southern California's most popular destinations and a major employer for the region. The Garden Grove submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q1 2024) and a projected average effective rent increase of 4.5 percent (year-over-year through 2028), demonstrating the strong demand for rental housing. Garden Grove's central location, strong economic growth, and unmatched local attractions have made it one of Southern California's most desirable and versatile markets. Given the strength of the overall apartment market within the city of Garden Grove, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 9661 and 9671 Maureen Drive.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Common Area
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Building
Lot Description Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
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
Bought with Tyler Leeson • Marcus & Millichap RE Invest
Bought with Tyler Leeson • Marcus & Millichap RE Invest
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