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- Residential Income - Commercial Apartments
- In Escrow / Under Contract: $2,900,000
- Residential Income - Fourplex
- For Sale: $1,425,000
- Residential Income - Triplex
- For Sale: $900,000
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Garden Grove Multifamily Homes, Commercial Apartments and Fourplex Units
Garden Grove is located in northern Orange County, and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Garden Grove.
Garden Grove’s population was 174,389 as of 2012. It also has the second-largest Vietnamese American population (47,331 (2010)) and second highest concentration (27.7%) of any city in the nation. The estimated median household income in 2011 was $55,508 (it was $47,754 in 2000). This is just a hair short of the California median which was $57,287 in 2011.
Garden Grove has become a booming entertainment and tourism area, particularly Harbor Boulevard, which has nine high-rise hotels. The top employers in the city are Prime Healthcare Services (516), Air Industries Corp. (465), Driessen Aircraft Interior Systems (370), Saint-Gobain Performance Plastics (363), OfficeMax (360) and Hyatt Regency (350).
The city also enjoys being close to a variety of conveniences. The nearest major airport is John Wayne Airport (SNA). This airport has international and domestic flights from Santa Ana and is 12 miles from the center of Garden Grove. Another major airport is Long Beach Airport (LGB), which has domestic flights from Long Beach and is 16 miles from Garden Grove. Garden Grove Hospital and Medical Center is the local hospital, but about 5 miles away there is also Huntington beach Hospital, AHMC Anaheim Regional Medical Center, and Fountain Valley Regional Hospital and Medical Center. There are also a number of universities and colleges in or near Garden Grove, with the biggest being University of Phoenix Southern California Campus with 11,658 full time enrolled students about 8 miles away in Costa Mesa.
Garden Grove also has many attractions, especially its theme parks such as Disneyland which is one mile away and Knott's Berry Farm which is seven miles away. Garden Grove is also home to three stage theaters, the Garden Grove Playhouse, the Gem Theater and the Festival Amphitheater. For entertainment/retail/shopping the Garden Grove Promenade Shopping Center has Regal Cinemas, Ross, Marshalls, Party City, Dollar Store, Party City, Hometown Buffet and more.
All of these features make Garden Grove a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Orange County Cities.
This information was gathered from www.ci.garden-grove.ca.us, city-data.com, and wikipedia.
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