Condominium buy in Garden Grove California

A 9-unit multifamily building in Garden Grove. It was under non-rent control before but is now in AB 1482 which is supposed to expire in 2030. The Rental Increase rate is 5% + CPI annually, but CAP is 10%. Spacious with 1 balcony and 1 patio per unit. Enough parking Spots 12 + - 4. There are 2 main buildings (Originally Permitted as 2 4-unit) and 1 non-conforming Building, which has been in existence since 2007 when the owner bought it, on Large 17,010SF Lot. Unit Mix: 6 2bed 1.5bath, 2 2bed 1 bath and 1 bed 1 bath. 6 2bed 1.5 bath units consist of 2 stories like a townhome. 2 2 bed 1 bath units have larger balcony and patio on 2nd floor. 1 1bed 1bath is a non- conforming unit. Close to Schools, Costco, Markets and Major Highways. Building size looks larger than 9,000 SF including 1 non-conforming unit, but Buyer needs to verify it within due-diligence period. Please email or text me to receive a setup sheet with rent roll. MLS® ID: 22211903 Listed: 10/23/22 Updated: 11/9/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Heating: Natural Gas Exterior/Building Features Lot Size: 0.39 acres lot Other Property Details Area Name: 65 - N of Blsa, S of GGrv, E of Bch, W of Brookhrs Garage: Yes Parking: Attached Carport, Driveway Parking Total: 14.0 View: Y County: Orange Pool: No Total Stories: 2 Zoning: R3 Courtesy of Total Commercial, Inc., Sang Ji, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 11/9/22. 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.