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13871 Shady Lane, Garden Grove, CA 92706

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13871 Shady Lane
Garden Grove, CA 92706

For Sale: $7,200,000

Property Type: Commercial Apartments
MLS#: PW19060155

  • Building Size: 18690 SF
  • Lot Size: 38786 SF
  • Number of Units: 15
  • Number of Stories: 2
  • Year Built: 1986
  • Days on market: 32
  • Cap Rate: 3.60
  • Net Operating Income: $259,732
  • Gross Scheduled Income: $423,696
  • Rent Control: No
  • GRM: 16.48
  • Contact Listing Agent Direct:
  • Rick Applebaum, Morgan Skenderian


Property Description

Morgan Skenderian is pleased to offer the "Shady Lane Apartments" a 15-unit apartment investment opportunity. Shady Lane Apartments is a private, tree-lined community offering its residents a private and desirable place to live. This offering is uniquely and desirably comprised of (15) three bedroom/two bathroom townhome style units built to condo specifications. This newer construction complex has in-demand upgrades that include upgraded kitchens, bathrooms, flooring, appliances and more. The residents of Shady Lane enjoy extremely desirable amenities seldom seen in other apartment complexes such as washer/dryer hookups, direct double-car garage access, patios & balconies and ample living space with units averaging 1,250 Sq.Ft. each. Shady Lane Apartments offers upside potential on an already excellent investment opportunity. *All 3-Bedroom Townhomes Units w/Direct Access Double-Car Garages, *Built in 1986, *Upgraded Kitchens, Baths, Flooring, Appliances and more, *Built to Condo Specifications, *W/D Hookups, Patios, Balconies, *Huge Units Estimated at 1,250 Sq.Ft. Each


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13871 Shady Lane, Garden Grove, CA 92706

Based on information from California Regional Multiple Listing Service, Inc. as of March 18, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Rick Applebaum, Morgan Skenderian

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