$1,267,500
SOLD FEB 3, 2025

10105 Dakota Ave Garden Grove, CA 92843

4 Beds
4 Baths
1,800 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$704 Per Sq Ft

15% Below List Price

91 Days on Market

Highlights

  • No HOA
  • Crown Molding
  • Laundry Room
  • Donald S. Jordan Intermediate School Rated A
  • Recessed Lighting
  • Central Heating and Cooling System

About This Home

As of February 2025

HUGE PRICE ADJUSTMENT. SELLER IS MOTIVATED. Welcome to 10105 Dakota Avenue, a recently fully remodeled triplex plus a bonus unit that is nestled in the heart of Garden Grove, this property is bursting with potential—especially with fully approved plans for a new 2-bedroom ADU that will bring even more value and income. Each apartment has been beautifully renovated from the studs up, featuring high-quality finishes that create a cozy and modern feel. You’ll appreciate the comfort of central air conditioning and the convenience of in-unit washers and dryers (included in the sale). The exterior has recently received upgrades such as, new paint, roof, vinyl windows, and modern landscaping that’s both beautiful and low-maintenance. With an impressive annual income exceeding $90,000, 10105 Dakota Avenue is a fantastic opportunity for anyone looking to step into a turnkey property that requires little upkeep and has great upside potential. This property is ideal for an owner occupant or for someone to use it as an investment property.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian Brokerage Phone: 714-262-8992 License #01488586 Listed on: 10/22/2024

Last Buyer's Agent

Mike Nguyen

Stop Realty License #01120976

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting

Kitchen

  • Free-Standing Range
  • Range Hood

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 36
  • Tax Tract Number 781
  • Assessor Parcel Number 09904212
  • $807 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,438
  • Maintenance Expense $4,394
  • Other Expense $1,430
  • New Taxes Expense $18,179
  • Operating Expense $28,095
  • Gross Income $87,882
  • Net Operating Income $59,787

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Price Per Unit: 343750
  • Property Attached: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 09904212
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Recessed Lighting
  • Stories: 1
  • Entry Location: ground
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 704.17
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Range Hood
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200
  • Latitude Manual: 33.76810600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 15.18
  • Gross Operating Income: 87882.00
  • Gross Scheduled Income: 90600.00
  • Insurance Expense: 1438.00
  • Lot Size Area: 5227.0000 Square Feet
  • Maintenance Expense: 4394.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 59787.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28095.00
  • Operating Expense Percent: 31.00
  • Other Expense: 1430.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 28095.00
  • Vacancy Allowance: 2718
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18179.00
  • Tax Census Tract: 887.02
  • Tax Lot: 36
  • Tax Tract Number: 781
  • TaxOtherAnnualAssessmentAmount: 807.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Sold $1,267,500 -7.8% $704 / Sq Ft
12/12/2024 12/12/24 Price Changed $1,375,000 -8.0% $764 / Sq Ft
10/22/2024 10/22/24 For Sale $1,495,000 +106.2% $831 / Sq Ft
11/28/2022 11/28/22 Sold $725,000 -3.3% $505 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $749,900 -- $522 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24219022

California Regional Multiple Listing Service (CRMLS)

APN: 099-042-12