Garden Grove, CA 92840 12341 Lewis Street

12341 Lewis Street Garden Grove, CA - Image 112341 Lewis Street Garden Grove, CA - Image 212341 Lewis Street Garden Grove, CA - Image 3
10 more
12341 Lewis Street Garden Grove, CA - Image 412341 Lewis Street Garden Grove, CA - Image 512341 Lewis Street Garden Grove, CA - Image 612341 Lewis Street Garden Grove, CA - Image 712341 Lewis Street Garden Grove, CA - Image 812341 Lewis Street Garden Grove, CA - Image 912341 Lewis Street Garden Grove, CA - Image 1012341 Lewis Street Garden Grove, CA - Image 1112341 Lewis Street Garden Grove, CA - Image 1212341 Lewis Street Garden Grove, CA - Image 1312341 Lewis Street Garden Grove, CA - Image 14
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25077191
  • 04/08/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 1
  • SQFT • 34,384

Home Details

Garden Walk is a one of a kind 36-unit multifamily investment opportunity located in Garden Grove, CA. Located on the border of Anaheim, Garden Grove, and Orange, Garden Walk is uniquely placed in-close proximity of Orange County’s top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, the Honda Center, The Outlets at Orange, and UCI Medical Center, all of which are situated within 2 miles of the property. Furthermore, Garden Walk’s proximity to the Anaheim Regional Transportation Intermodal Center (ARTIC) and the 5, 57, and 22 Interchange provides residents with convenient access throughout Southern California. Garden Walk offers an attractive mix of one and two-bedroom units, of which 28 feature single-story construction and 8 feature two-story townhome construction. This diverse mix of floor plans helps Garden Walk appeal to a broad renter pool. The property, built in 1963 on a spacious 2.42-acre parcel offers a new owner the unique opportunity to take advantage of existing open and amenity space to add units via new construction and/or as accessory dwelling units (ADU), substantially increasing cashflow. Garden Walk features desirable amenities including gated access, a swimming pool with a spacious pool-side pavilion, two on-site laundry facilities, and ample carport and surface parking spaces. Additionally, each unit at the property features a spacious private patio, an in-demand amenity for rental units. In summary, Garden Walk’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, Garden Walk represents an attractive opportunity for a new owner seeking well located units.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com

Interior Features for 12341 Lewis Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 12341 Lewis Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.23
Carport Spaces36.0
Carport Y/NYes
CityGarden Grove
Community FeaturesCurbs, Gutters, Sidewalks, Pool
CountyOrange
DirectionsCross Streets of Lewis Street & Lampson Avenue
Electric Expense16337.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense16337.0
Garage Spaces0.0
Garage Y/NNo
Gross Income1006956.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense28780.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet105415.2
Lot Size UnitsAcres
MLS Area699 - Not Defined
MaintenanceExpense21600.0
MobileHomeRemainsYNNo
Net Operating Income577874.0
New ConstructionNo
Number Of Units Total36
Open Parking Spaces36.0
Operating Expense399233.0
Pool FeaturesCommunity
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot6059
Taxes$155,254
Trash Expense16337.0
Water Sewer Expense16337.0
Year Built1963
Year Built SourceAssessor
ZoningR3

Exterior for 12341 Lewis Street

Building Area Total34384.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres2.42
Lot Size Area2.42
Lot Size SourceAssessor
Number of Buildings9
Number of Separate Electric Meters36
Number of Separate Gas Meters36
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking72.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $13,650,000
MLS#OC25077191
List Date 04/08/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
Visit My Website

Similar Properties to 12341 Lewis Street

Compare listings

Compare