$4,655,000
UNDER CONTRACT

9361 Cellini Ave Garden Grove, CA 92841

Estimated payment $29,165/month

3 Beds
2 Baths
9,521 Sq Ft
$489 Price per Sq Ft

About This Home

Nestled in a desirable quiet pocket of Garden Grove, 9361 Cellini Avenue presents a rare opportunity for investors. This well-maintained 15-unit apartment building, extensively renovated in 2025, features 14 one-bedroom units and a single two-bedroom unit. All major building systems are in excellent condition, offering a turnkey investment. The property also features on-site garage parking and a vacant storage/laundry room, adding to its value. The property currently generates RUBS income across all leased units, and with a potential for a 10% increase in rents. This is an ideal addition to any investment portfolio, blending low maintenance operations with a strong income stream.

Listing Agent

Randall Mycorn

R L M Equities Brokerage Phone: 949-573-5309 License #02078223 Listed on: 10/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 15 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 9,521 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3262
  • Assessor Parcel Number 13241211
  • $2,065 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $720
  • Fuel Expense $3,504
  • Gardener Expense $3,000
  • Insurance Expense $7,617
  • Maintenance Expense $7,500
  • Professional Management Expense $14,336
  • Trash Expense $5,724
  • Water Sewer Expense $6,240
  • New Taxes Expense $58,682
  • Operating Expense $109,115
  • Gross Income $12,324
  • Net Operating Income $238,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

15

Listing Details

  • CapRate: 5.10
  • Professional Management Expense: 14336.00
  • Property Attached: Yes
  • Subdivision Name Other: Cellini Loop
  • Water Sewer Expenses: 6240.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 13241211
  • Year Built: 1960
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 488.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5724.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17258.00
  • Lot Size Acres: 0.3962

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 3504.00
  • Gross Income: 12324.00
  • Gross Multiplier: 12.00
  • Gross Operating Income: 347655.00
  • Gross Scheduled Income: 358408.00
  • Insurance Expense: 7617.00
  • Laundry Income: 996.00
  • Lot Size Area: 17258.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 238540.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 15
  • Operating Expense: 109115.00
  • Other Income1: 11328.00
  • Other Income Description: RUBS Est.
  • Rent Control: Yes
  • Total Expenses: 109115.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 58682.00
  • Tax Lot: 5
  • Tax Tract Number: 3262
  • TaxOtherAnnualAssessmentAmount: 2065.00

Map

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 List to Sale Price per Sq Ft
10/06/2025 10/06/25 For Sale $4,655,000 -- $489 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25233655

California Regional Multiple Listing Service (CRMLS)
California Orange County Garden Grove 92841

9361 Cellini Ave, Garden Grove, CA

Under Contract

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California Regional Multiple Listing Service (CRMLS) 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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Randall Mycorn
Listing Agent
Randall Mycorn
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R L M Equities
(657) 566-5794