OC Apartment Brokers
2 Units - Garden Grove
Call 714-742-3700 for Address
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Current Income
| One 3-bedroom 1.5-baths 1-garage | $2,420 |
| One 3-bedroom 1.5-baths 1-garage | $2,200 |
| Other Income/Storage | $10 |
| Monthly Total | $4,630 |
Cash Flow Analysis
| Gross Scheduled Income | $55,560 |
| Operating Expenses | $11,112 (20%) |
| Net Operating Income | $43,337 |
Acquisition Data
| Down Payment | 298,740 (30%) |
| Loan Amount | 697,060 (70%) |
Property Description
Large appx. 2,617 sq. ft. two-story duplex. Two car enclosed garage. Large concrete driveway. Built by the original builder for himself therefore Unit B is larger than the other. The exterior is in the process of being painted and new windows are being installed. Two townhouse-style units. Unit A - 3 bedroom 1.5 bath. Living room, dining room in the kitchen, patio. Laundry room and half bath on the 1st floor. Unit B - 3 bedroom and 1.5 bath. Living room, dining room in the kitchen, patio. Laundry room and half bath on the 1st floor. Located adjacent to Civic Center, Police Department, Parks, Two College Campuses, (Coastline Community College and Cal State Fullerton) as well as K-12 schools. Approximately one mile to Garden Grove (22) Fwy. Historic Garden Grove Main Street is nearby. Disneyland, Anaheim Convention Center, and other attractions are within three miles.
LIVING IN GARDEN GROVE
Garden Grove is a relatively large city located in the state of California. With a population of 171,949 people and 32 constituent neighborhoods, Garden Grove is the 31st largest community in California.
Housing costs in Garden Grove are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Garden Grove is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Garden Grove is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Garden Grove who work in office and administrative support (12.98%), sales jobs (9.31%), and management occupations (7.45%).
Also of interest is that Garden Grove has more people living here who work in computers and math than 95% of the places in the US.
In Garden Grove, however, the average commute to work is quite long. On average, people spend 30.92 minutes each day getting to work, which is significantly higher than the national average.
The citizens of Garden Grove are slightly better educated than the national average of 21.84% for all cities and towns, with 22.76% of adults in Garden Grove having a bachelor's degree or advanced degree.
The last recorded per capita income in Garden Grove was $27,003, which is lower middle income relative to California, and middle income relative to the rest of the US. This equates to an annual income of $108,012 for a family of four. However, Garden Grove contains both very wealthy and poor people as well.