9361 Cellini Ave, Garden Grove, California 92841, Garden Grove, 92841 - bed, bath
ACTIVE UNDER CONTRACT$4,655,000
9361 Cellini Ave, Garden Grove, California 92841
0Bed
0Bath
9,521Sqft
17,258Lot
Year Built
1960
Close
-
List price
$4.66M
Original List price
$4.66M
Price/Sqft
$489
HOA
-
Days on market
-
Sold On
-
MLS number
NP25233655
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros.
Nestled in a desirable quiet pocket of Garden Grove, 9361 Cellini Avenue presents a rare opportunity for investors. This well-maintained 15-unit apartment building, extensively renovated in 2025, features 14 one-bedroom units and a single two-bedroom unit. All major building systems are in excellent condition, offering a turnkey investment. The property also features on-site garage parking and a vacant storage/laundry room, adding to its value. The property currently generates RUBS income across all leased units, and with a potential for a 10% increase in rents. This is an ideal addition to any investment portfolio, blending low maintenance operations with a strong income stream.
Price History
Date
Event
Price
10/06/25
Listing
$4,655,000
Condition Rating
Excellent
Despite being built in 1960, the property is described as 'extensively renovated in 2025' (interpreted as recently completed or imminent, given the 'turnkey investment' and 'excellent condition' claims). The images support this with a modern, recently updated kitchen featuring new grey cabinets, quartz-look countertops, a contemporary sink and faucet, and new wood-look laminate flooring. The exterior also appears well-maintained. All major building systems are stated to be in excellent condition, indicating minimal deferred maintenance and meeting current quality standards.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as a rare opportunity for investors and an ideal addition to any investment portfolio, promising a strong income stream.
Recent Extensive Renovation: The property has been extensively renovated in 2025, suggesting modern condition and reduced immediate capital expenditures for a new owner.
Turnkey & Low Maintenance Operations: All major building systems are in excellent condition, offering a turnkey investment with blending low maintenance operations.
Significant Income Potential: Currently generates RUBS income across all leased units with a potential for a 10% increase in rents, indicating strong financial upside.
Valuable On-Site Amenities: Features on-site garage parking and a vacant storage/laundry room, adding convenience for tenants and potential for additional income or amenities.
Cons
Renovation Date Inconsistency: The description states 'extensively renovated in 2025,' which is a future date, creating ambiguity about the current state of renovations and requiring clarification.
Limited Unit Diversity: The property consists primarily of one-bedroom units (14 out of 15), which may restrict the tenant pool and limit appeal to larger households.
Original Construction Age: Built in 1960, the property's original construction age, despite renovations, could imply potential for older infrastructure components not explicitly covered by 'major building systems' and future maintenance considerations.