11712 Stuart Drive, Garden Grove, California 92843, Garden Grove, 92843 - 0 bed, 0 bath
Loading property details...
Garden Grove, California 92843
This High-Demand Multi-Family Asset represents a Prime Investment Opportunity with a List Price of $1,850,000—positioned well below the $1,906,224 Fair Market Value by 2%. This valuation gap offers $56,224 in Instant Equity. Each unit features a rare 3-Bedroom, 2-Bathroom configuration and is Separately Metered for utilities, significantly reducing owner operating expenses. While maintaining a Fair Condition Rating, the property’s strategic location near the 22 Freeway ensures consistent rental demand and long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11712 Stuart Drive Subject | $1,850,000* List Price | 0 | 0 | 4,742 | $402 | - |
A 13391 Palm Street Active | $1,930,000 List Price | 0 | 0 | 4,492 | $430 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this fourplex is well-maintained but shows signs of its age. While some interior updates are evident, such as laminate wood flooring and newer bathroom vanities, the property still utilizes dated window AC units and older window frames. The kitchen and bathrooms appear functional but are not fully modernized to current 'excellent' or 'good' standards. It fits the 'fair' criteria as an aged property maintained through regular upkeep and occasional partial updates rather than a full recent renovation.
Each unit features a rare 3-bedroom, 2-bathroom configuration, which is highly sought after by families and typically commands higher rental premiums than standard 1 or 2-bedroom apartments.
The property is separately metered for both gas and electricity, shifting utility costs to tenants and significantly reducing the owner's monthly operating expenses.
Located in a high-demand rental area near the 22 Freeway with no HOA fees, this property offers a reliable income stream and lower overhead for long-term portfolio growth.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10019, other record lot size in square feet = 10958.
Built in 1963, the property may require significant capital expenditures for long-term maintenance or upgrades to major systems like plumbing and electrical.
With only 5 garage spaces for four 3-bedroom units, the parking-to-bedroom ratio is low, which may lead to tenant frustration regarding street parking availability.
Investor’s Dream in the Heart of Garden Grove! A Rare Opportunity to Own a Well-Maintained Fourplex, with Each Unit Offering 3 Spacious Bedrooms and 2 Bathrooms, and Approximately 1,200 Sq. Ft. of Living Space. Each Unit is Separately Metered for Electricity and Gas, Providing Convenience and Cost Control for Both the Owner and Tenants. This Property Features 5 Garage Parking Spaces plus a Community Laundry Room. This Prime Central Location is Near the 22 Freeway, Schools, Churches, Restaurants, and Everyday Amenities. With No HOA Fees, this is an Ideal Buy-and-Hold Investment for Expanding an Investor's Portfolio or Securing a Reliable Income Stream for Years to Come. Don’t Miss Out on this Rare Multi-Family Gem in a High-Demand Rental Area!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 50% |
| Baths | 0.0 | 2.0 | 50% |
| Square foot | 4,742 | 3,867 | 50% |
| Lot Size | 10,019 | 6,510.5 | 50% |
| Price | $1.85M | $1.56M | 50% |
| Price per sq ft | $390 | $407 | 50% |
| Built year | 1963 | 1988 | 50% |
| HOA | $0 | $77 | 50% |
| Days on market | 30 | 100 | 50% |
Mar 23, 2026
$1,850,000
Initial Listing
May 24, 2013
$947,500
Public Record
May 27, 2010
$865,000
Public Record
May 11, 2005
$975,000
Public Record
Mar 13, 2003
$582,500
Public Record