11601 Reva, Garden Grove, California 92840, Garden Grove, 92840 - 7 bed, 4 bath
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11601 Reva
Garden Grove, California 92840
ACTIVE
CONDITION: EXCELLENT
7Beds
4Baths
2,348Sq Ft
7,400Lot Size
Property Price
LIST PRICE$1,549,500
EST. MARKET VALUE
$1,482,586
4% AboveMARKET VALUE
SUMMARY
This Dual-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $1,549,500—positioned above the $1,267,944 Fair Market Value. While priced above current estimates, the property features 2023 New Construction and a Turnkey Condition Rating, ensuring minimal maintenance. With a combined monthly rental income exceeding $8,300 and Separate Utility Metering, this property offers immediate cash flow and long-term stability. Its modern design, including Quartz Countertops and Central HVAC, makes it an ideal choice for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in the Garden Grove Unified district.
Estimated Market Value
$1,482,586
Based on Realkey algorithm analyzing recent comparable sales in Garden Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11601 Reva Subject 7 bd · 4 ba · 2,348 sqft · $631 | $1,549,500* List Price | 7 | 4 | 2,348 | $631 | - |
A 11622 Candy Lane Sold 6 bd · 4 ba · 1,958 sqft · $626 · 0.1 mi | $1,225,000 | 6 | 4 | 1,958 | $626 | 0.1 mi |
B 11222 Wakefield Sold 5 bd · 4 ba · 1,464 sqft · $833 · 0.6 mi | $1,220,000 | 5 | 4 | 1,464 | $833 | 0.6 mi |
C 12071 Diane Street Pending 5 bd · 2 ba · 2,308 sqft · $548 · 0.9 mi | $1,265,000 List Price | 5 | 2 | 2,308 | $548 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features two detached homes built and fully upgraded in 2023. It includes new construction with modern open floor plans, quartz countertops, new appliances, wood flooring, recessed lighting, and new central HVAC systems, ensuring hassle-free maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
The property features two detached units generating a combined market rent of over $8,300 per month, offering an exceptional cap rate for investors or a significant mortgage offset for owner-occupants.
- Turnkey Modern Upgrades
With one unit being brand-new 2023 construction and the other fully remodeled, the property boasts high-end finishes like quartz countertops and recessed lighting, ensuring low maintenance for the next decade.
- Separate Utility Metering
Both residences are equipped with individual gas and electric meters, allowing tenants to pay their own utilities and simplifying property management for the owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2348, other record living area = 1131. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
- Limited Outdoor Privacy
Siting two detached homes and a two-car garage on a 7,400-square-foot lot results in high density, which may limit private yard space and seclusion between the two units.
- Recent Price Volatility
The property has already seen a significant price reduction from $1.625M to $1.549M shortly after listing, which may indicate initial overpricing relative to the immediate neighborhood's comparable sales.
About 11601 Reva
Incredibly Rare Two newer units on a Lot! Two Detached Single-Family Homes with detached 2-car garage, built in 2023 located in a highly desirable neighborhood. Perfect investment opportunity with high rental income; total of $8,300+ per month, for investors seeking maximum profit. Unit 1 (11605): New Construction, Detached single family home, 4 beds and 2 baths, approx. 1,200sf. central A/C & heater, 9 feet ceilings, loaded with all new upgrades. Market rent is $4,250/month. Unit 2 (11601): Spacious 3 beds and 2 baths, fully upgraded. Market rent is $4,144/month. Both units have open floor plan, modern cabinets & quartz countertop, high quality appliances, wood flooring, recessed lighting, walk-in closets, washer/dryer hookups. Both units have their gas and electric meters; tenants pay all utilities. Maintenance will be hassle-free for the next 10+ years. Perfect for first time homeowners looking to live in one unit and rent out two. Ideal choice for 1031-exchange opportunity, homeowners and investors. Don't miss this profitable opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,400 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.5 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,348 | 1,593.338 |
| Lot Size | 7,400 | 7,204.538 |
| Price | $1.55M | $1.09M |
| Price per sq ft | $660 | $713 |
| Built year | 1954 | 1957 |
| HOA | $0 | $209 |
| Days on market | 46 | 44 |
Pricing History
Listed for Sale
Sep 19, 2026
$1,549,500
$1,625,000
-5% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$1,625,000
Initial Listing
Sold
Jan 17, 2024
$1,362,500
Public Record
Sold
Apr 15, 2022
$830,000
Public Record
Sold
Jun 27, 2016
$483,000
Public Record