$8,245,000
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0.89 Acres Lot
SOLD DATE : 08/15/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22090275
Sold Date 08/15/22
HOA Y/N No
Year Built 1986
Lot Size 0.890 Acres
Property Description
13871 Shady Lane, is a 1986 construction, 15-unit apartment investment opportunity located in the desirable rental market of Garden Grove. An unbelievable opportunity for the apartment investor looking to find a highly unique asset with great potential. In place rents offer solid cash flow with no immediate need for increases. Upside will be obtained simply through standard rental increases on an annual basis without the need for major renovations. The true upside lies in the potential adding of several ADU's (Accessory Dwelling Units) based on a tremendous lot size of just under an acre (38,776 sq.ft.) and ample open space.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 30.0
Garage Description 30.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 39
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 10114201
Energy Description 5697.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Katie Chai ReMax 2000 Realty
