NOT LISTED FOR SALE

8661 Trask Ave Garden Grove, CA 92844

-- Bed
-- Bath
8,892 Sq Ft
0.39 Acres

Last Sold November 18, 2022

Last sale price $3,100,000 $349 Per Sq Ft

16 Days on Market

Highlights

  • Courtyard Views
  • Warner Middle Rated A-
  • Attached Carport

About This Home

As of November 2022

A 9-unit multifamily building in Garden Grove. It was under non-rent control before but is now in AB 1482 which is supposed to expire in 2030. The Rental Increase rate is 5% + CPI annually, but CAP is 10%. Spacious with 1 balcony and 1 patio per unit. Enough parking Spots 12 + - 4. There are 2 main buildings (Originally Permitted as 2 4-unit) and 1 non-conforming Building, which has been in existence since 2007 when the owner bought it, on Large 17,010SF Lot. Unit Mix: 6 2bed 1.5bath, 2 2bed 1 bath and 1 bed 1 bath. 6 2bed 1.5 bath units consist of 2 stories like a townhome. 2 2 bed 1 bath units have larger balcony and patio on 2nd floor. 1 1bed 1bath is a non- conforming unit. Close to Schools, Costco, Markets and Major Highways. Building size looks larger than 9,000 SF including 1 non-conforming unit, but Buyer needs to verify it within due-diligence period. Please email or text me to receive a setup sheet with rent roll.

Last Agent to Sell the Property

Brian Ji

Total Commercial, Inc. License #01443223 Listed on: 10/24/2022

Last Buyer's Agent

Brian Ji

Total Commercial, Inc. License #01443223 Listed on: 10/24/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 105x162

Interior Spaces

  • 8,892 Sq Ft Home
  • 2-Story Property
  • Courtyard Views

Parking

  • 14 Parking Spaces
  • Attached Carport
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Community Details

  • 3 Buildings
  • 9 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 097-254-10

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8892
  • Lot Acreage: 0.3900
  • Lot Dimensions: 105x162
  • Probate: No
  • Stories: 2
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: Attached
  • Price Per S Q F T: 365.50

Exterior Features

  • Other Structures: None
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Carport Attached
  • Total Parking: 14

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 23.52
  • Assessed Improvement Value: 422629
  • Assessed Land Percent: 76.48
  • Assessed Land Value: 1373974
  • Total Assessed Value: 1796603
  • Assessor Parcel Number: 097-254-10
  • Lot Size Area: 17010

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.91
  • Number Of Units: 9
  • Type Of Units: Standard

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2022 11/18/22 Sold $3,100,000 -4.6% $349 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
10/24/2022 10/24/22 For Sale $3,250,000 -- $365 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $40,030 $3,225,240 $2,785,538 $439,702
2024 $40,030 $3,162,000 $2,730,919 $431,081
2023 $38,713 $3,100,000 $2,677,371 $422,629
2022 $23,452 $1,796,603 $1,373,974 $422,629
2021 $22,960 $1,761,376 $1,347,033 $414,343
2020 $22,687 $1,743,316 $1,333,221 $410,095
2019 $22,426 $1,709,134 $1,307,080 $402,054
2018 $22,392 $1,675,622 $1,281,451 $394,171
2017 $21,572 $1,642,767 $1,256,324 $386,443
2016 $20,749 $1,610,556 $1,231,690 $378,866
2015 $20,392 $1,586,364 $1,213,188 $373,176
2014 $19,931 $1,555,290 $1,189,424 $365,866
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Ji

    Total Commercial, Inc.

    (213) 387-3456

    4 Total Sales

    Brian Ji
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Map

Source: The MLS

MLS Number: 22-211903

The MLS
California Orange County Garden Grove 92844

8661 Trask Ave, Garden Grove, CA

Not Listed for Sale

MultiFamily

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