Seller's Agent in 2025
Margaret Lee
CBD Investment Inc.
(626) 236-0199
24 Total Sales
11662 Stuart Dr Garden Grove, CA 92843
1
Bed
1
Bath
9,288
Sq Ft
0.44
Acres
Highlights
- Laundry Room
- Peters K-3 Elementary School Rated A-
- Garden
About This Home
As of May 2025Location, 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.
Last Agent to Sell the Property
CBD Investment Inc. Brokerage Phone: 626-236-0199 License #00976428 Listed on: 07/05/2024
Last Buyer's Agent
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
Property Details
Home Type
- Apartment
Year Built
- Built in 1960
Lot Details
- 0.44 Acre Lot
- No Common Walls
- Garden
Parking
- 10 Car Garage
- 6 Carport Spaces
Interior Spaces
- 9,288 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 2770
- Assessor Parcel Number 10056308
Community Details
Overview
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,100
- Insurance Expense $10,810
- Professional Management Expense $3,600
- Trash Expense $7,331
- Water Sewer Expense $1,406
- New Taxes Expense $59,963
- Operating Expense $80,610
- Gross Income $303,852
- Net Operating Income $223,242
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/20/2025 05/20/25 | Sold | $3,720,000 | -6.5% | $401 / Sq Ft | |
| 08/24/2024 08/24/24 | Price Changed | $3,980,000 | -9.1% | $429 / Sq Ft | |
| 07/22/2024 07/22/24 | Price Changed | $4,380,000 | -8.7% | $472 / Sq Ft | |
| 07/05/2024 07/05/24 | For Sale | $4,797,000 | +57.3% | $516 / Sq Ft | |
| 03/24/2017 03/24/17 | Sold | $3,050,000 | -1.5% | $328 / Sq Ft | View Prior Sale |
| 01/23/2017 01/23/17 | Pending | -- | -- | -- | |
| 01/09/2017 01/09/17 | For Sale | $3,095,000 | -- | $333 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $46,107 | $3,539,785 | $2,463,925 | $1,075,860 |
| 2024 | $46,107 | $3,470,378 | $2,415,613 | $1,054,765 |
| 2023 | $45,245 | $3,402,332 | $2,368,248 | $1,034,084 |
| 2022 | $44,237 | $3,335,620 | $2,321,812 | $1,013,808 |
| 2021 | $43,628 | $3,270,216 | $2,276,286 | $993,930 |
| 2020 | $43,109 | $3,236,684 | $2,252,945 | $983,739 |
| 2019 | $42,547 | $3,173,220 | $2,208,770 | $964,450 |
| 2018 | $41,528 | $3,111,000 | $2,165,460 | $945,540 |
| 2017 | $31,707 | $2,273,042 | $1,449,777 | $823,265 |
| 2016 | $30,207 | $2,228,473 | $1,421,350 | $807,123 |
| 2015 | $29,812 | $2,195,000 | $1,400,000 | $795,000 |
| 2014 | $23,379 | $1,658,462 | $1,313,916 | $344,546 |
Source: Public Records
Agents Affiliated with this Home
-
Margaret Lee
-
O
Buyer's Agent in 2025
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
-
Tyler Leeson
Seller's Agent in 2017
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
156 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24137900
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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