Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9371 Cellini Ave Garden Grove, CA 92841

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,495,000

    Extensively renovated 8-unit apartment building in a desirable Garden Grove location.

    Lot size:
    0.21 Acres

    Property Features for 9371 Cellini Ave

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Randall Mycorn
    Source: Elliman

    Listing Agent: Randall Mycorn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Garden Grove Renovated Apartment Building

    Located in a quiet pocket of Garden Grove, the property at 9371 Cellini Avenue is an 8-unit apartment building. The building was extensively renovated in 2025. The unit mix consists of seven one-bedroom units and one two-bedroom unit. All major building systems are in excellent condition. On-site garage parking is available. There is a vacant storage/laundry room. The property currently generates RUBS income across all leased units, and there is potential for a 10% increase in rents.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.968467
    Latitude
    33.79009

    Nearby Similar for Sale

    • $1,995,000
      4,000 SF

      Garden Grove Retail Investment Opportunity

      Fully occupied retail property on high-traffic Brookhurst Street.
      12092 Brookhurst St, Garden Grove, CA 92840
      View Details
    • $2,050,000
      Pending

      Garden Grove Multifamily Investment Opportunity

      Well-maintained four-unit property in a prime Garden Grove location.
      13301 Verde St, Garden Grove, CA 92844
      View Details
    • $4,000,000
      10,000 SF

      Versatile Industrial Space in Garden Grove

      10,000 sq ft warehouse/office space on 34,101 sq ft lot.
      13101 Brookhurst St, Garden Grove, CA 92843
      View Details
    • $175,000

      Modern Vietnamese Eatery Opportunity

      Popular Vietnamese eatery for sale in Garden Grove, California.
      12945 Beach Blvd, Garden Grove, CA 92841
      View Details
    • $1,599,999
      3,169 SF

      Garden Grove Duplex For Sale

      Multi-family property with long-term tenants in Garden Grove, CA.
      13141 Monroe St, Garden Grove, CA 92844
      View Details
    • $5,250,000
      4 SF

      Garden Grove Multifamily Investment Opportunity

      Turnkey 17-unit apartment complex in a prime location.
      10622 Tibbs Cir, Garden Grove, CA 92840
      View Details
    • $70,000

      Garden Grove Beauty Salon Opportunity

      Established beauty salon with prime location in Garden Grove.
      10212 Westminster Ave, Garden Grove, CA 92843
      View Details
    • $999,000
      2,500 SF

      Garden Grove Commercial Building For Sale

      Well-maintained commercial building with four units in Garden Grove, CA.
      10622 Katella Ave, Garden Grove, CA 92840
      View Details
    • $4,150,000
      1,500 SF

      Garden Grove Commercial Redevelopment Opportunity

      0.8-acre property with mixed-use zoning in a prime location.
      9943 Garden Grove Blvd, Garden Grove, CA 92844
      View Details
    • $60,000

      Korean Fried Chicken Restaurant Opportunity

      Korean fried chicken restaurant in Garden Grove, CA for sale.
      Garden Grove, CA 92844
      View Details
    • $200,000

      Restaurant Opportunity in Garden Grove

      Restaurant space for sale in a high-traffic Garden Grove location.
      10130 Garden Grove Blvd, Garden Grove, CA 92844
      View Details
    • $2,888,888
      10,542 SF

      Harbor Blvd Industrial/Warehouse/Showroom Space

      Industrial/warehouse/showroom space on a major commercial thoroughfare.
      13902 2B & 2C, Garden Grove, CA 92843
      View Details

    FAQs

    What type of property is this?
    Apartment building - Extensively renovated 8-unit apartment building in a desirable Garden Grove location.
    Where is this apartment building located?
    The property is located at 9371 Cellini Ave Garden Grove, CA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Extensively renovated in 2025.; - Eight-unit apartment building with a desirable unit mix (seven 1-bedroom, one 2-bedroom).; - Turnkey investment with all major building systems in excellent condition.
    (949) 862-1020
    Request Owner's contact information
    9371 Cellini Ave Garden Grove, CA 92841
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9371 Cellini Ave
    Garden Grove, CA 92841
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9371 Cellini Ave Garden Grove, CA 92841
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Randall Mycorn
    Real Estate License ID: 02078223
    (949) 862-1020
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.