$5,150,000
9551 9561 Maureen Drive, Garden Grove CA 92841
Multi-Family (16 Units)
Property type
7 days
On market
$381
Price per sqft
16 cars
Garage
1960
Year built
21,780 sqft
Lot size
Open Houses
Overview
9551 - 9561 Maureen Drive is a 16-unit multifamily community located in Garden Grove, California. Situated on a 0.50-acre parcel, the asset totals approximately 13,520 net rentable square feet. The unit mix is composed entirely of two-bed/one-bath units, providing a desirable rental profile that is easy to manage and well-suited to the surrounding tenant base. The property...
Listing provided by: Christian Tait DRE #02111248, Marcus & Millichap RE Invest, Tyler Leeson DRE #01451551 949-419-3326, Marcus & Millichap RE Invest
Listing updated: Jun 12, 2026 at 05:30pm.
Last checked: Jun 12, 2026 at 06:00pm
Source: CRMLS #OC26125729
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 2 | 1 | 1 | $35,050 | $35,050 | $38,688 | Unfurnished |
# of Buildings: 2
# of Units Total: 16
Separate Electric Meters: 16
Separate Gas Meters: 16
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
12.2x
List Price / Annual Gross Rent
Cap Rate
5.01%
NOI / List Price
Gross Scheduled Income: $420,597
Vacancy Allowance: $12,618
Vacancy Allowance Rate: 3%
Operating Expense: $156,088
Net Operating Income: $258,111
Annual Operating Expenses
Electric: $6,257
Fuel: $6,257
Insurance: $16,000
Maintenance: $14,400
New Taxes: $60,251
Professional Management: $16,568
Trash: $6,257
Water / Sewer: $6,257
Interior
Laundry: Common Area
Entry Location: First Level
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Street Level
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 16
Uncovered Spaces: 2
Parking Total: 18
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 13210130
Additional Parcels: No
Tax Lot: 61
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters, Street Lights, Sidewalks