Well-Maintained Multi-Unit Income
8561 Gloria Garden Grove, CA 92844
8561 Gloria, Garden Grove, CA, 92844
$1,990,000
For Sale
$1,990,000
A nine-bedroom, multi-unit residential income property with individual electric meters and private enclosed single-car garages.
Property Size4,140 SF
Price / SF$480.68
Days on Market89
Property Features for 8561 Gloria
General Information
- Standard status
- Active
- Size
- 4,140 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1972
Listing agency
(714) 657-5503
Listed by
Tony Do
(714) 657-5503
Source
Elliman
Added: Apr 24 Updated: Jul 21 at 7:34AM Checked: Jul 21 at 7:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tony Do
Investment Insights
Based on property information with market context.
This well-maintained multi-unit residential income property offers a total of nine bedrooms across multiple units, with approximately 4,140 square feet of living space. 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, and one unit includes a newly installed heater.
Each unit is individually metered for electricity, supporting efficient utility management. Every unit includes its own private enclosed single-car garage, and there is an additional enclosed garage for owner use. The property is occupied by long-term tenants.
The layout is designed to support independent, self-contained living arrangements, and the ownership includes the added benefit of enclosed garage space beyond the individual unit garages. Convenient access is provided to the 22 Freeway, with shopping and dining destinations nearby, including H Mart, Business Costco, and Rodeo 39 Public Market.
Each unit is individually metered for electricity, supporting efficient utility management. Every unit includes its own private enclosed single-car garage, and there is an additional enclosed garage for owner use. The property is occupied by long-term tenants.
The layout is designed to support independent, self-contained living arrangements, and the ownership includes the added benefit of enclosed garage space beyond the individual unit garages. Convenient access is provided to the 22 Freeway, with shopping and dining destinations nearby, including H Mart, Business Costco, and Rodeo 39 Public Market.
Key Highlights
- 1972‑built Garden Grove multi‑unit income property with approx. 4,140 sq ft and nine bedrooms
- New roof completed in 2024, with select units updated with new laminate flooring, a new stove, and a new water heater
- Another unit includes a newly installed heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.3k | $25.20 |
| − Vacancy | −$5.4k | −$1.32 |
| EGI | $98.9k | $23.88 |
| − OpEx | −$29.7k | −$7.17 |
| NOI | $69.2k | $16.72 |
4,140 SF · lease $25.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$988.8K
$865.2K – $1.15M
NOI $69,217 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$885.3K
$774.6K – $1.03M
NOI $61,971 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,696 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - A nine-bedroom, multi-unit residential income property with individual electric meters and private enclosed single-car garages.
Where is this triplex located?
The property is located at 8561 Gloria Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 1972‑built Garden Grove multi‑unit income property with approx. 4,140 sq ft and nine bedrooms; New roof completed in 2024, with select units updated with new laminate flooring, a new stove, and a new water heater; Another unit includes a newly installed heater
