9551 9561 Maureen Drive
Garden Grove, CA, 92841 $ 5,150,000
Baths1.0 Sq 13,520 Monthly Estimate*
$ 31,709
Listed by Marcus & Millichap RE Invest
Studio for $5,150,000 with 1 full bath. This 13,520 square foot home was built in 1960 on a lot size of 0.5.
9551 - 9561 Maureen Drive is a 16-unit multifamily community located in Garden Grove, California. Situated on a 0.50-acre parcel, the asset totals approximately 13,520 net rentable square feet. The unit mix is composed entirely of two-bed/one-bath units, providing a desirable rental profile that is easy to manage and well-suited to the surrounding tenant base. The property consists of two buildings on one parcel, with community amenities including on-site laundry, a spacious central courtyard, and garage and surface parking. Parking is provided through 16 garage spaces and 2 surface spaces, offering ample parking options for residents. Ownership has completed several recent capital improvements and property upgrades, including SB-721 completion in October 2025, walkway decking replacement, gas line replacement at 9551, roof replacement, garage door installation, fascia repairs/repainting, electrical panel/subpanel upgrades, and select interior unit upgrades. These improvements address several exterior, structural, and building system items while helping reduce near-term capital expenditure exposure. Overall, 9551 - 9561 Maureen Drive offers a straightforward all two-bedroom unit mix, functional parking, a shared courtyard layout, and several completed capital improvements to major building systems. The completed improvements and remaining value-add opportunities position the property to benefit from future interior renovations, common-area enhancements, and operational efficiencies under new ownership.
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 16
Pool Features None
Year Built 1960
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 426817
Community Features Curbs Gutter(s) Street Lights Sidewalks
County Orange
Net Operating Income 258111
Operating Expense 156088
Insurance Expense 16000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 14400
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Maureen Drive & South Gilbert Street
City Garden Grove
Entry Location First level
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 16
MLS Area 62 - Garden Grove N of Chapman W of Euclid
Lot Size Units Acres
Lot Size Square Feet 21780
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 6257
Fuel Expense 6257
Trash Expense 6257
Water Sewer Expense 6257
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 61
Property Sub Type Additional Apartment
Taxes 60251
Cap Rate 5.01
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InteriorTotal Stories 2
Common Walls No Common Walls
Laundry Features Common Area
Entry Level 1
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ExteriorLot Features Street Level
Water Source Public
Total Parking 18
Lot Size Area 0.5
Number of Buildings 2
Building Area Total 13520
Lot Size Acres 0.5
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 16
Number of Separate Electric Meters 16
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* Excluded FeaturesList ByMarcus & Millichap Re InvestBroker
christian.tait@marcusmillichap.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $31,709
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Garden Grove, CA
Average List Price $2,279,426
Percent of Sale Price 56%
About Garden Grove, CA 176,492 Population
5% Since 2002
$ 61,049 Median Income
37.3 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/9/2026 | $5,150,000 | | Listed Price |