9661 - 9671 Maureen Dr — Sale in Garden Grove, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Garden Grove, CA 92841

Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 9661 - 9671 Maureen Drive, a heavily renovated 12-unit multifamily community located in Garden Grove, California. Constructed in 1958 and extensively renovated in 2025, the property features a desirable unit mix of 12 two-bed/one-bath units across a combination of single-story buildings and a two-story structure with ground-level garages, offering units with no neighbors above or below. Ownership has completed a comprehensive renovation program across all units, with improvements ranging from upgraded flooring, fixtures, and fresh interior paint to fully renovated unit interiors. Multiple units have already achieved market-leading rents for comparable properties in the area, demonstrating strong in-place income. Currently, three units are vacant, providing immediate upside for a new owner to lease at market rents from day one or implement additional upgrades to further enhance rental income. The property sits on a 0.44-acre parcel and offers a strong parking ratio with 12 single-car garages and 4 surface spaces, along with on-site laundry, security doors, and a central courtyard that supports tenant appeal and retention. 9661 - 9671 Maureen Drive represents a compelling opportunity to acquire a renovated asset with proven rental performance and immediate income upside. Investment Highlights: • Turnkey 12-unit multifamily asset with extensive 2025 renovations • All 2 Bed/1 Bath units offering broad and consistent rental appeal • Three vacant units providing immediate lease-up at market rents • Desirable layout with a mix of single-story units and a two-story building with garages • Many units offer no neighbors above or below, enhancing privacy and livability • Garages (12 spaces) and surface (4 spaces) on a spacious 0.44-acre parcel • Walkable and convenient access to nearby retail, major shopping centers, and Disneyland within 2.5 miles

Market Context

This multifamily in Garden Grove, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Garden Grove, CA — view the full market.

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