10422 Bonnie, Garden Grove, California 92843, Garden Grove, 92843 - 5 bed, 3 bath
ACTIVE$1,349,000
10422 Bonnie, Garden Grove, California 92843
5Beds
3Baths
2,031Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Duplex Income Potential: Features two separate units with individual entrances and functional floor plans, offering a solid opportunity for rental income for investors or owner-occupants.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6780. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2031, other record living area = 1113.
Compared to the nearby listings
Price:$1.35M vs avg $1.35M (+$0)50%
Size:2,031 sqft vs avg 2,992 sqft33%
Price/sqft:$664 vs avg $45667%
More Insights
Built in 1947 (78 years old).
Condition: The property was built in 1947, making it 77 years old. While the exterior appears well-maintained in the provided images, and the description states 'well-maintained duplex' with 'functional floor plans,' there are no interior images to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical interior features. The property analysis also notes that its age 'may necessitate future capital expenditures for system upgrades or cosmetic renovations.' This suggests that while the home is maintained, its major components are likely functional but show signs of being outdated, consistent with a 'Fair' condition rating. Without evidence of extensive recent renovations, it cannot qualify for a higher score.
Year Built
1947
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$664
HOA
-
Days on market
-
Sold On
-
MLS number
NP25277867
Home ConditionFair
Features
View-
About this home
Well-maintained duplex located in a desirable Garden Grove neighborhood. The property features two separate units with individual entrances and functional floor plans, offering a solid opportunity for both investors and owner-occupants. The property sits on a generous lot with driveway parking and outdoor space, providing long-term flexibility. Units are currently tenant-occupied with below-market rents, presenting clear upside potential for future rent growth. Separately metered utilities add to the asset’s operational efficiency. Conveniently located near major freeways, shopping, dining, and local amenities. A rare opportunity to acquire a stable duplex in a supply-constrained Orange County submarket.
Condition Rating
Fair
The property was built in 1947, making it 77 years old. While the exterior appears well-maintained in the provided images, and the description states 'well-maintained duplex' with 'functional floor plans,' there are no interior images to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical interior features. The property analysis also notes that its age 'may necessitate future capital expenditures for system upgrades or cosmetic renovations.' This suggests that while the home is maintained, its major components are likely functional but show signs of being outdated, consistent with a 'Fair' condition rating. Without evidence of extensive recent renovations, it cannot qualify for a higher score.
Pros & Cons
Pros
Duplex Income Potential: Features two separate units with individual entrances and functional floor plans, offering a solid opportunity for rental income for investors or owner-occupants.
Significant Rent Upside: Current tenant-occupied units are at below-market rents, presenting clear upside potential for future rent growth and increased cash flow.
Prime Orange County Location: Located in a desirable, supply-constrained Garden Grove neighborhood with convenient access to major freeways, shopping, dining, and local amenities.
Operational Efficiency: Separately metered utilities for each unit streamline management and reduce landlord operating costs.
Generous Lot & Parking: A substantial 6,970 sqft lot provides ample driveway parking and outdoor space, enhancing tenant appeal and offering long-term flexibility.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6780. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2031, other record living area = 1113.
Current Below-Market Rents: While offering upside, the immediate cash flow is suboptimal, requiring strategic rent adjustments or tenant turnover to maximize income potential.
Age of Property (1947): Built in 1947, the property may necessitate future capital expenditures for system upgrades or cosmetic renovations to maintain its value and appeal.
Lack of Specific Views: The property does not offer any notable views, which could be a minor consideration for some prospective buyers seeking scenic surroundings.