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Multifamily

9661 - 9671 Maureen Dr

9661 Maureen Dr, Garden Grove, CA 92841

Listing Price: $4,725,000

Cap Rate
4.96%
Number of Units
12
GRM
13.22
Price/Unit
$393,750
Price/Gross SF
$567.29
Gross SF
8,329

Investment Overview

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

Exclusively Listed By

Multifamily

9661 - 9671 Maureen Dr

Listing Price: $4,725,000

Cap Rate
4.96%
Number of Units
12
GRM
13.22
Price/Unit
$393,750
Price/Gross SF
$567.29
Gross SF
8,329

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

Investment Overview

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.

Exclusively Listed By

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