Fourplex with Remodeled
New
For Sale
$1,842,643
9941 11th Street, Garden Grove, CA 92844
A vacant, renovated apartment offers flexibility alongside three occupied units.
Property Size4,120 SF
Lot Size0.22 Acres
Price / SF$447.24
Days on Market3
Property Features for 9941 11th Street
General Information
Standard status
Active
Size
4,120 SF
Lot size
0.22 Acres
Property subtype
Quadruplex
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
on-site laundry room
private balcony
private back yard
Building Details
Building Size
4,120 SF
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
First Team Real Estate
Listed By:
Lily Campbell · License #01229782
(714) 717-5095
Source:
Altamirarealty
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:30PM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
This 4,120-square-foot fourplex, built in 1978 on a 9,583-square-foot lot, contains one three-bedroom, two-bath apartment and three two-bedroom, one-bath apartments. Each unit has a one-car garage and driveway parking. The property also includes an on-site laundry room, with private balconies for both upper apartments and private backyards for the two ground-floor units. Unit C is vacant and has a renovated kitchen and bathrooms, new flooring, interior paint, recessed lighting, quartz counters, and an expansive balcony with waterproofed surfaces. Building updates include a 2021 roof, a hot water heater, electrical work serving all four apartments, an automated sprinkler system, a new driveway, and exterior paint dated 2026.
The property is near Little Saigon shopping and dining, including Asian Garden Mall, and the restaurants, bakeries, markets, and services along Bolsa Avenue and Brookhurst Street. Garden Grove Park, Mile Square Regional Park, schools, and access to the 22 Freeway are also nearby.
The property is near Little Saigon shopping and dining, including Asian Garden Mall, and the restaurants, bakeries, markets, and services along Bolsa Avenue and Brookhurst Street. Garden Grove Park, Mile Square Regional Park, schools, and access to the 22 Freeway are also nearby.
Key Highlights
- Four apartments: one 3‑bedroom, 2‑bath unit and three 2‑bedroom, 1‑bath units
- 4,120‑square‑foot building on a 9,583‑square‑foot lot; built in 1978
- Each apartment has a one‑car garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,883
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,660
$1.4M
Cap Rate 7%
$984,043
$984.0K
Cap Rate 9%
$765,367
$765.4K
Market Conditions
NOI Build-Up for 4,120 SF
Gross rent
$103.8K $25.20/SF
− Vacancy
−$5.4K −$1.32/SF
EGI
$98.4K $23.88/SF
− OpEx
−$29.5K −$7.17/SF
NOI
$68.9K $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 Rate 5%
$1,377,660
Cap Rate 7%
$984,043
Cap Rate 9%
$765,367
Alternative Uses
Best Use
Multifamily LT 5
$984.0K
$861.0K – $1.15M
NOI $68,883 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$881.0K
$770.9K – $1.03M
NOI $61,671 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,258 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 92844, CA
23,668
Population
7,187
Households
3.3
Avg Household Size
39
Median Age
22%
College-Educated
72%
High-School Grad
2.1 sq mi
ZIP Area
11,270
Density / Sq Mi
$73,590
Median Household Income
$36,444
Median Earnings
$1,989
Median Rent
$706,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - A vacant, renovated apartment offers flexibility alongside three occupied units.
Where is this quadplex located?
The property is located at 9941 11th Street Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,842,643.
What are key features of this property?
This property features: Four apartments: one 3‑bedroom, 2‑bath unit and three 2‑bedroom, 1‑bath units; 4,120‑square‑foot building on a 9,583‑square‑foot lot; built in 1978; Each apartment has a one‑car garage and driveway parking
