SOLD! 104 Units: Garden Grove, CA 92843
Grove Park: SOLD!
Price: US$ 14,450,000.00
No. Of Units: 104
Price Per Unit: US$ 138942.00
Price Per Square Foot: US$ 193.85
Category: For Sale
Type: Multi-Family
Sub-Type: Multifamily - Garden/Low-Rise
Property Uses: Investment Property
No. Stories: 2
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Cap Rate: 3.50%
GRM (Gross Rent Muliplier): 15.87
Construction Status:
Existing
Year Built: 1961
Building Size: 74800 Sq. ft.
No. of Building: 13
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Property Description:
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Record Low CAP & High GRM
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Thirteen 8-Unit Buildings of 1, 2 & 3 Bedroom Units
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All 13 Properties Closed Escrow Together
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Properties Located on Four Separate Streets
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Sold as an Affordable Housing Development
Listing Company: Marcus & Millichap
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