9661 - 9671 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
- 5.14%
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 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. 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 • 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
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
- Logan Perry · (949) 419-3229 · logan.perry@marcusmillichap.com
- Tyler Leeson · (714) 713-9086 · tyler.leeson@marcusmillichap.com
- Matt Kipp · (949) 419-3254 · matt.kipp@marcusmillichap.com
Explore this market
Similar Multifamily Property for Sale in Garden Grove, CA
- 9551 - 9561 Maureen Dr — Contact for price · Garden Grove, CA