8561 Gloria, Garden Grove, California 92844, Garden Grove, 92844 - 0 bed, 0 bath
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Garden Grove, California 92844
This Prime Multi-Unit Investment Asset provides a stable income opportunity in a high-demand rental market. Listed at $1,990,000, the property is positioned relative to its $1,790,716 Fair Market Value, reflecting the stability of the local multi-family sector and a Fair Condition Rating. Key features include a New Roof (2024), Individually Metered Electricity, and Private Enclosed Garages for all units, which optimize operational efficiency. Located near the 22 Freeway and Rodeo 39 Public Market, the property ensures consistent tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8561 Gloria Subject | $1,990,000* List Price | 0 | 0 | 4,140 | $433 | - |
A 13022 13022 Casa Linda Lane Sold | $1,788,000 | 0 | 0 | 4,771 | $375 | 0.7 mi |
B 13252 Newland Street A-d Active | $2,088,800 List Price | 0 | 0 | 3,704 | $564 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1972, making it over 50 years old. While it benefits from a new roof (2024) and 'select units' have received updates such as new laminate flooring, a new stove, and a new water heater, the images reveal inconsistencies. One kitchen shown features dated ceramic tile flooring, basic white cabinets, laminate countertops, and an older light fixture, indicating it has not been extensively renovated. The presence of window AC units suggests a lack of central air conditioning, which is a significant drawback. The property is aged but maintained, with functional major components that show signs of being outdated in many areas, aligning with the 'Fair' condition criteria.
This is a prime multi-unit property in a high-demand rental market, explicitly positioned as an excellent long-term investment opportunity.
The property is occupied by long-term tenants, ensuring a consistent and reliable stream of rental income for investors.
Significant improvements include a new roof (2024) and updates to select units (laminate flooring, stove, water heater, heater), reducing immediate capital expenditure for a new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7238.
Built in 1972, the property is over 50 years old, which may imply potential for future major system replacements or maintenance needs beyond the recent updates.
Only 'select units' have received updates, suggesting potential inconsistencies in unit condition and possible future renovation costs for un-updated units to maximize rental value.
Prime Garden Grove Multi-Unit Investment Opportunity Well-maintained multi-unit income property located in a desirable Garden Grove neighborhood. The property features a total of nine bedrooms and approximately 4,140 square feet of living space, offering strong rental appeal and long-term investment potential. Recent capital improvements include a new roof completed in 2024. Select units have been updated with new laminate flooring, a new stove, and a new water heater, while another unit includes a newly installed heater. Each unit is individually metered for electricity, allowing for efficient utility management. Every unit includes its own private enclosed single-car garage, along with an additional enclosed garage for owner use. The property is occupied by long-term tenants, generating stable and consistent rental income. Conveniently located near schools, shopping, dining, and major amenities, with easy access to the 22 Freeway. Nearby destinations include H Mart, Business Costco, and Rodeo 39 Public Market. An excellent opportunity to acquire a well-maintained multi-unit property in a high-demand rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,140 | 4,301 | 33% |
| Lot Size | 7,405 | 8,276 | 33% |
| Price | $1.99M | $1.95M | 67% |
| Price per sq ft | $481 | $453 | 67% |
| Built year | 1972 | 1972 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 88 | 67% |
Jan 24, 2026
$1,990,000
Initial Listing
May 14, 2002
$520,000
Public Record
Apr 27, 2001
$395,000
Public Record
Oct 6, 1999
$349,000
Public Record