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

  • 0.39 Acre Lot
  • Courtyard Views
  • Attached Carport
  • Warner Middle Rated A-

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
  • Number Of Photos: 4
  • 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
  • Total Annual Expense: 68454
  • Type Of Units: Standard
  • Vacancy Rate: 1

Range of Values:

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List Price
Sold Price
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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
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

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Ji

    Total Commercial, Inc.

    (213) 387-3456

    1 in this area

    5 Total Sales

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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

This home is located at 8661 Trask Ave, Garden Grove, CA 92844 since 24 October 2022. This property was built in 1965. 8661 Trask Ave is a home located in Orange County with nearby schools including Meairs Elementary School, Warner Middle, and Westminster High School.

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