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32029812
32029830

9661 Maureen Drive, Garden Grove, CA 92841

TL
CA CA 01451551
Marcus & Millichap - Orange County
LP
CA 02132506
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$4,725,000
37 days on market
Updated 2 days ago
Opportunity zone

9661 - 9671 Maureen Drive

Details
APN 132-101-14
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,329
Net Rentable (SqFt) 8,329
Units 12
Cap Rate 4.96%
NOI $234,423
Pro-Forma Cap Rate 5.14%
Pro-Forma NOI $242,915
Price per SqFt $567
Year Built 1958
Year Renovated 2025
Buildings 2
Stories 2
Acreage 0.440
Ownership Fee Simple

Featuring Renovated Units & Upgraded Building Systems

Marketing description

The Leeson Group 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.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

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

Listing Contacts

TL
CA CA 01451551
Marcus & Millichap - Orange County
LP
CA 02132506
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,423.00
$19,535.25/mo

Valuation Metrics

0
DSCR
4.96%
Cap Rate
4.96%
ROI

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Additional Information

Name
Tyler Leeson
License
CA 01451551
Brokerage Phone
7147139086
Name
Logan Perry
License
02132506
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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