12611 Morningside Avenue

Garden Grove, CA 92843

$2,575,000
Price
12
Beds
8
Baths
5,337 Sq. Ft.
$482 / Sq. Ft.
5,337
Sq. Ft.
$482
per Sq. Ft.

Description

Great Apartment Opportunity in the heart of GARDEN GROVE City. HIGHEST CAP RATE in GARDEN GROVE! Property in excellent condition. Four of 8 units are 1bed/1bath, and Four of 8 units are 2beds/ 1bath. Most of 8 units fully renovated in turnkey condition. Property is well maintained. Units include: tile, newer kitchen cabinet, new appliances, new fixtures, new outlets, newer bathroom, kitchen countertops. All of 8 units Long term Section 8 tenants. Rental income is accurate & guarantee every month!Great Apartment Opportunity in the heart of GARDEN GROVE City. HIGHEST CAP RATE in GARDEN GROVE! Property in excellent condition. Four of 8 units are 1bed/1bath, and Four of 8 units are 2beds/ 1bath. Most of 8 units fully renovated in turnkey condition. Property is well maintained. Units include: tile, newer kitchen cabinet, new appliances, new fixtures, new outlets, newer bathroom, kitchen countertops. All of 8 units Long term Section 8 tenants. Rental income is accurate & guarantee every month!

Property Details for 12611 Morningside Avenue

View
None
Parking Spaces Total
12
Private Pool
No
Cooling Type
N/K
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5337

Location

Listing Courtesy of Superior Real Estate Group, Jeannie Nguyen, DRE #01336113
Add your commute
LISTING UPDATED: 05/03/2024 02:49 AM

Property Details for 12611 Morningside Avenue

StatusActive
MLS #PW24088945
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
CountyOrange County

Location

Listing Courtesy of Superior Real Estate Group, Jeannie Nguyen, DRE #01336113
Add your commute

Building Information for 12611 Morningside Avenue

Building/Complex12611 Morningside AveFloor-Stories2Residences-Pet Policy-Year Built1961Building Size-

Payment Calculator

$15,565 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,053

Property Taxes

$1,512

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12611 Morningside Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $137,628
  • Gross Scheduled Income: $189,576
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $189,576
  • Net Operating Income: $137,508
  • Laundry Income: $120
  • Gross Multiplier: 13.58
  • Cap Rate: 5.34
Expense Details
  • Operating Expense: $52,068
  • New Taxes Expense: $30,803
  • Gardener Expense: $1,020
  • Fuel Expense: $4,800
  • Licenses Expense: $67
  • Electric Expense: $480
  • Insurance Expense: $5,263
  • Maintenance Expense: $2,000
  • Professional Management Expense: $0
  • Trash Expense: $3,567
  • Water Sewer Expense: $4,069
  • Total Expenses: $52,069
Tax / Assessment Info
  • Tax Annual Amount: $18,141
  • Tax Tract Number: 3337
  • Tax Census Tract: 891.04
  • CFD/Mello-Roos Fee: $2,283
  • Tax Lot: 63
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Appliances: Convection Oven, Gas Oven, Gas Range
  • Equipment: Laundry Area
  • Interior Features: Block Walls
  • Room Type: Kitchen
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile
Exterior Features
  • Roof: Flat
  • Entry Location: 3
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Bond
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 8
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,798
  • Unit Type Total Rent: $1,798
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 8
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 8
  • Number With Refrigerator: 0
  • Number With Disposal: 8

Property History for 12611 Morningside Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12611 Morningside Avenue

Taxable ValueLand$1,199,391Additions$126,244Total$1,325,635
Tax Record2023$18,141 ($1,512 / month)
Home Facts
Total Finished SqFt5,338 SqFtAbove Grade Finished SqFt5,338 SqFtLot Size9,720 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961CountyORANGEAPN198-122-23

Schools near 12611 Morningside Avenue

This home is within Garden Grove Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Dwight D. Eisenhower Elementary School
PublicK to 6

Leroy L. Doig Intermediate School
Public7 to 8

Santiago High School
Public9 to 12

James Monroe Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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12611 Morningside Avenue is a multi-family home for sale in Garden Grove, CA 92843. This property was listed for sale on May 3, 2024 by Superior Real Estate Group, it's currently listed at $2,575,000. It has been on the market for a total of 17 days and was last sold on September 29, 2005. This listing's school district is Garden Grove Unified School District. Nearby schools include Dwight D. Eisenhower Elementary School, Leroy L. Doig Intermediate School and Santiago High School. 12611 Morningside Avenue is a 12-bed, 8-bath, 5,337 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Superior Real Estate Group, Jeannie Nguyen, DRE #01336113

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.