9661 & 9671 Maureen Drive

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Address: 9661 & 9671 Maureen Drive
Created date: February 4, 2025
Date last updated: February 4, 2025
  • Features Exclusively Two-Bedroom Floor Plans
  • 5 Units Eligible for Increases by April 1st, 2025 with Another 6 Units Eligible by December 1st, 2025
  • 8 Units Feature Highly Desirable Single-Story Construction
  • Several Units Feature Newly Installed Vinyl Plank Flooring
  • All Units Feature Dual-Pane Windows
  • Freshly Painted Exterior Including Garages
  • Spacious 0.42-Acre Lot with Ample Garage & Surface Parking
  • On-Site Laundry Facility

Property Description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 9661 and 9671 Maureen Drive, a 12-unit multifamily investment property located in Garden Grove, California. Situated on an oversized 0.42-acre lot, this garden-style property showcases predominantly single-story construction and offers a highly desirable mix consisting exclusively of two-bedroom floor plans. Amenities at 9661 and 9671 Maureen Drive include an on-site laundry facility as well as ample garage and surface parking. Situated just South of Katella Avenue, 9661 and 9671 Maureen Drive places residents in close proximity of a plethora of shops, restaurants, and world-famous entertainment destinations. The property offers walkable access to a Crunch Fitness and Harvest Fresh Markets anchored retail center and is just a short drive from the Promenade at Garden Grove, a major retail center anchored by Walmart, Aldi, Regal Cinema and more. Additionally, the property is just 2.5 Miles from Disneyland, one of Southern California’s most popular destinations and a major employer for the region. The Garden Grove submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q1 2024) and a projected average effective rent increase of 4.5 percent (year-over-year through 2028), demonstrating the strong demand for rental housing. Garden Grove’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Garden Grove, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 9661 and 9671 Maureen Drive.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,190,000
No. of Units: 12
Year Built: 1958
Lot Size: 0.42 Sq ft
Opportunity Zone: No
Price per unit: $349,167
Property Website Click Here
Address: 9661 & 9671 Maureen Drive, Garden Grove, CA 92841, USA
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