12621 Morningside Ave Garden Grove, CA 92843
Estimated payment $16,447/month
Highlights
- Open Floorplan
- Traditional Architecture
- Private Yard
- Santiago High School Rated A-
- Great Room
- Cooling System Mounted To A Wall/Window
About This Home
Nestled in the vibrant heart of Garden Grove, California, 12621 Morningside Ave presents an incredible investment opportunity. This charming 8-unit apartment complex combines both comfort and practicality, making it an appealing choice for tenants and investors alike. Each unit boasts a spacious and inviting layout, designed to maximize natural light through large windows—creating a warm and welcoming atmosphere. The property's prime location is a standout feature, offering residents convenient access to local attractions, shopping centers, restaurants, parks, and schools. Whether for families or professionals, this neighborhood provides the perfect blend of amenities and lifestyle convenience. All eight units are currently occupied by reliable tenants (Six Tenants are currently under Section 8 Housing), ensuring consistent rental income for investors. Additionally, the property has been meticulously managed, guaranteeing a smooth and hassle-free ownership experience. Opportunities like this in thriving Garden Grove are rare—don't let it slip away!
Listing Agent
Advance Estate Realty Brokerage Phone: 714-936-6969 License #01429636 Listed on: 03/22/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1961
Lot Details
- 9,718 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in average condition
- Private Yard
- Back and Front Yard
Parking
- 4 Open Parking Spaces
- 8 Car Garage
- Attached Carport
- Parking Available
- Driveway
Home Design
- Traditional Architecture
- Flat Roof Shape
- Slab Foundation
Interior Spaces
- 5,337 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Insulated Doors
- Entryway
- Great Room
- Gas Oven
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Security Lights
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Vented Exhaust Fan
- Central Water Heater
- Phone Connected
- Cable TV Available
- TV Antenna
Listing and Financial Details
- Tax Lot 62
- Tax Tract Number 3337
- Assessor Parcel Number 19812222
- $2,283 per year additional tax assessments
Community Details
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $585
- Fuel Expense $4,112
- Gardener Expense $1,020
- Insurance Expense $3,000
- Trash Expense $2,750
- Water Sewer Expense $3,917
- New Taxes Expense $28,000
- Operating Expense $43,384
- Gross Income $191,388
- Net Operating Income $148,004
Additional Features
- 8 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2025 03/22/25 | For Sale | $2,599,000 | -- | $487 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25063052
APN: 198-122-22
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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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