9371 Cellini Ave., Garden Grove, California 92841, Garden Grove, - bed, bath
ACTIVE$2,495,000
9371 Cellini Ave., Garden Grove, California 92841
0Bed
0Bath
4,995Sqft
9,222Lot
Year Built
1960
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25214849
Home ConditionExcellent
Features
View-
About this home
Nestled in a desirable quiet pocket of Garden Grove, 9371 Cellini Avenue presents a rare opportunity for investors. This well-maintained 8-unit apartment building, extensively renovated in 2025, features seven one-bedroom units and a single two-bedroom unit. All major building systems are in excellent condition, offering a turnkey investment. The property also features on-site garage parking and a vacant storage/laundry room, adding to its value. The property currently generates RUBS income across all leased units, and with a potential for a 10% increase in rents. This is an ideal addition to any investment portfolio, blending low maintenance operations with a strong income stream.
Price History
Date
Event
Price
09/11/25
Listing
$2,495,000
Condition Rating
Excellent
The property, though built in 1960, has been 'extensively renovated in 2025' according to the listing description, which also states 'All major building systems are in excellent condition.' The provided images of the kitchens confirm this, showcasing modern shaker-style cabinetry, new quartz-like countertops, contemporary sinks and faucets, stainless steel appliances (refrigerator visible), and updated luxury vinyl plank (LVP) flooring. The overall aesthetic is fresh, modern, and indicative of a very recent, high-quality renovation, aligning with current quality standards and minimal physical depreciation.
Pros & Cons
Pros
Turnkey Investment Opportunity: Explicitly presented as a 'rare opportunity for investors' and a 'turnkey investment' with 'low maintenance operations' and a 'strong income stream', making it attractive for immediate cash flow.
Recent Extensive Renovation: The property was 'extensively renovated in 2025', indicating modern updates and significantly reduced immediate capital expenditures for a new owner.
Strong Income Potential: Currently generates RUBS income across all leased units and offers a 'potential for a 10% increase in rents', highlighting immediate and future revenue growth opportunities.
Excellent Building Condition: All major building systems are stated to be in 'excellent condition', minimizing concerns about critical infrastructure and ensuring operational efficiency.
Desirable Location & Amenities: Located in a 'desirable quiet pocket of Garden Grove' and includes valuable 'on-site garage parking and a vacant storage/laundry room', enhancing tenant appeal and property value.
Cons
Original Construction Age: Built in 1960, the property's underlying structure is over 60 years old. Despite recent renovations, this age may lead to unforeseen maintenance or capital expenditure needs beyond the updated systems.
Limited Unit Mix Diversity: The property consists predominantly of one-bedroom units (7 out of 8), which could restrict the tenant demographic and potentially limit overall rental income growth compared to a more diverse unit mix.
Absence of Detailed Financials: While income potential is highlighted, the description lacks specific current rental income figures, operating expenses, or a detailed pro forma, requiring extensive due diligence for a comprehensive investment analysis.