12741 Groveview, Garden Grove, CA 92840
- $1,600,000
- List Price
- $1,600,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- PW26146108
- Year Built
- 1962
- Lot Size
- 9,982
- Acres
- 0.23
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 23
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Tract No. 3799
Property Description
Exceptional value-add 4-unit investment opportunity in the heart of Garden Grove! This well-located multifamily property features an attractive unit mix of (2) 3-bedroom/1.25-bath, (1) 2-bedroom/1-bath, and (1) 1-bedroom/1-bath units totaling approximately 4,517 square feet on a 9,982 square foot lot. The property has recently undergone a complete exterior repaint, enhancing curb appeal and minimizing immediate maintenance. One vacant and beautifully updated 1-bedroom/1-bath unit is move-in ready with new flooring, fresh interior paint, an updated kitchen with new countertops and appliances, a remodeled bathroom, and a private patio—providing an excellent opportunity for an owner-occupant or investor to immediately lease at market rent. Current in-place rents offer significant upside potential through natural tenant turnover, making this an attractive investment with long-term income growth. Additional features include 5 covered carport parking spaces, gated rear access, private patios, and an appealing low-maintenance exterior. Ideally situated near shopping, dining, schools, employment centers, and with convenient access to the 22, 5, 57, and 405 freeways, this is a rare opportunity to acquire a quality multifamily asset in one of Orange County’s strongest rental markets.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Radiant
- Cooling Description
- None
- View
- None
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $93,396
- Operating Expense
- 41215
Listing courtesy of Listing Agent: Juan Huizar (juan@sageregroup.com) from Listing Office: Sage Real Estate Group, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.