Residential Income Details
The Orrway Drive Apartments is a 12-unit garden-style multi-family community located in a highly desirable Garden Grove neighborhood that has been immaculately maintained by the current ownership. Built in 1964, the property is made of wood frame and stucco construction with pitched roofs and is individually-metered for gas and electricity. Comprised of two separate six unit buildings on two separate lots (12522 & 12542 Orrway Dr.), the property has a unit mix consisting of two and one-bedroom floor plans that are spacious and well designed. The property is situated on approximately ±0.37 acres and is attractively landscaped with lush shrubs, decorative rock and miniature date palm trees. Community amenities include an attractive courtyard, garage parking, patios and an on-site laundry facility. The Orrway Drive Apartments are located near the cross streets of Beach Boulevard and Lampson Avenue. The property has convenient access to all of the amenities and attractions that Southern California has to offer, and provides an investor the opportunity to acquire a pride of ownership asset within a strong rental market.
|Number of Units||12|
|Status||Active Under Contract|
|Listing Brokerage||Investment Capital Real Estate|
|Listing Agent||Ignacio Diaz Jr.|
|Listing Agent BRE #||01379930|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 19, 2017.
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