9551 - 9561 Maureen Dr — Sale in Garden Grove, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Garden Grove, CA 92841
Photos
Investment Figures
- Cap rate
- 5.12%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 9551 - 9561 Maureen Drive, 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 consists of two buildings on one parcel, with community amenities including on-site laundry, a spacious central courtyard, and garage and surface parking. Parking is provided through 16 garage spaces and 2 surface spaces, offering ample parking options for residents. Ownership has completed several recent capital improvements and property upgrades, including SB-721 completion in October 2025, walkway decking replacement, gas line replacement at 9551, roof replacement, garage door installation, fascia repairs/repainting, electrical panel/subpanel upgrades, and select interior unit upgrades. These improvements address several exterior, structural, and building system items while helping reduce near-term capital expenditure exposure. Overall, 9551 - 9561 Maureen Drive offers a straightforward all two-bedroom unit mix, functional parking, a shared courtyard layout, and several completed capital improvements to major building systems. The completed improvements and remaining value-add opportunities position the property to benefit from future interior renovations, common-area enhancements, and operational efficiencies under new ownership. Investment Highlights: • 16-unit Garden Grove apartment community featuring 100% two-bed/one-bath units • Two-building layout with a spacious central courtyard and on-site laundry • 16 garage spaces and 2 surface spaces providing functional resident parking • Recent improvements include SB-721 completion, roof replacement, decking replacement, electrical upgrades, and s
Market Context
This multifamily in Garden Grove, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Garden Grove, CA — view the full market.
As of Q1 2026, the Orange County multifamily market showed average asking rents near $2848.00/unit/mo, and rents up 1.1% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Contact
- Christian Tait · (949) 419-3282 · christian.tait@marcusmillichap.com
- Tyler Leeson · (714) 713-9086 · tyler.leeson@marcusmillichap.com
- Matt Kipp · (949) 419-3254 · matt.kipp@marcusmillichap.com
- Michael Derk · (949) 419-3386 · michael.derk@marcusmillichap.com
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