Triplex with Three
New
For Sale
Contact for pricing
9861 ACACIA AVE, Garden Grove, CA 92841
Three similarly configured units with private garage parking, patios or decks in select units, and on-site laundry.
Property Size2,905 SF
Lot Size0.17 Acres
Price / SF$481.93
Days on Market4
Property Features for 9861 ACACIA AVE
General Information
Standard status
Active
Size
2,905 SF
Total Parking Spaces
3
Lot size
0.17 Acres
Property subtype
Multifamily
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1961
Listing Agency:
Morgan Skenderian Investment Real Estate Group
Listed By:
Damien Breaux · License #01460301
(949) 584-0503
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 2:39PM
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 Morgan Skenderian Investment Real Estate Group
Investment Insights
Based on property information with market context.
This triplex contains three residential units, each configured with two bedrooms and one bathroom. The property was built in 1961 and encompasses 2,905 square feet on a 7,199-square-foot lot. Parking is provided through three garages, while select units offer patio and deck areas. On-site laundry adds a practical shared amenity for the property’s residential configuration.
Located at 9861 Acacia Avenue in Garden Grove, California, the property offers a compact three-unit format with consistent unit layouts and dedicated garage parking.
Located at 9861 Acacia Avenue in Garden Grove, California, the property offers a compact three-unit format with consistent unit layouts and dedicated garage parking.
Key Highlights
- Three‑unit multifamily property in Garden Grove, CA
- 2,905 SF building on a 7,199 SF lot
- All units configured as 2BR/1BA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,569
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$971,380
$971.4K
Cap Rate 7%
$693,843
$693.8K
Cap Rate 9%
$539,656
$539.7K
Market Conditions
NOI Build-Up for 2,905 SF
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.
Gross rent
$73.2K $25.20/SF
− Vacancy
−$3.8K −$1.32/SF
EGI
$69.4K $23.88/SF
− OpEx
−$20.8K −$7.17/SF
NOI
$48.6K $16.72/SF
Area
Garden Grove, CA
Vacancy
5.22%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$971,380
Cap Rate 7%
$693,843
Cap Rate 9%
$539,656
Alternative Uses
Best Use
Multifamily LT 5
$693.8K
$607.1K – $809.5K
NOI $48,569 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$621.2K
$543.6K – $724.7K
NOI $43,484 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$909.1K
$795.5K – $1.06M
NOI $63,640 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 92841, CA
34,376
Population
9,813
Households
3.5
Avg Household Size
39
Median Age
22%
College-Educated
75%
High-School Grad
4.6 sq mi
ZIP Area
7,473
Density / Sq Mi
$81,975
Median Household Income
$36,900
Median Earnings
$1,983
Median Rent
$766,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three similarly configured units with private garage parking, patios or decks in select units, and on-site laundry.
Where is this triplex located?
The property is located at 9861 ACACIA AVE Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three‑unit multifamily property in Garden Grove, CA; 2,905 SF building on a 7,199 SF lot; All units configured as 2BR/1BA
