11662 Stuart Dr
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11662 Stuart Dr
16 Unit Apartment Building $5,590,626 CAD ($349,414 CAD/Unit) 5.36% Cap Rate Garden Grove, CA 92843
Investment Highlights
- Lots of natural Light
- Its highly convenient location makes this property an attractive option for both potential tenants and investors.
- The property located in the heart of Garden Grove
Executive Summary
Location, location, location !! Well kept 16-unit multifamily investment property located in the heart of Garden Grove. Spanning a 0.43-acre lot, the property comprises 16 one-bedroom units, collectively offering 9,288 square feet of living area. The units are always fully leased, feature newer windows, sleek color front doors and approximately 10 units have been renovated with modern laminate wood flooring. The property provides gated access for added security, includes 10 garages and 6 carports with convenient alley access. Tenants can enjoy a spacious courtyard equipped with a BBQ area for entertaining. Additionally, there are 6 onsite laundry machines and 2 newer water heaters. Its highly convenient location makes this property an attractive option for both potential tenants and investors.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,590,626 CAD | Apartment Style | Low Rise |
| Price Per Unit | $349,414 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.36% | Building Size | 9,288 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Price | $5,590,626 CAD |
| Price Per Unit | $349,414 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 9,288 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.72/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Kitchen
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 581 |
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 100-563-08 | Total Assessment | $4,745,062 CAD |
| Land Assessment | $3,302,877 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,442,185 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
100-563-08
Land Assessment
$3,302,877 CAD
Improvements Assessment
$1,442,185 CAD
Total Assessment
$4,745,062 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
-
Amy To -
CBD Investment Inc.
(626) 757-3682
x183
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11662 Stuart Dr
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