11712 Stuart Drive, Garden Grove, California 92843, Garden Grove, 92843 - bed, bath
ACTIVE$1,999,999
11712 Stuart Drive, Garden Grove, California 92843
0Bed
0Bath
4,742Sqft
10,019Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: A rare fourplex in a high-demand rental area, ideal for a buy-and-hold strategy to secure a reliable income stream and expand an investor's portfolio.
Top Cons:
Property Age: Built in 1963, the property's age may necessitate future capital expenditures for system upgrades or renovations to maintain its competitive edge and appeal.
Compared to the nearby listings
Price:$2.00M vs avg $1.79M (+$204,999)67%
Size:4,742 sqft vs avg 3,934 sqft67%
Price/sqft:$422 vs avg $42433%
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, this property is over 60 years old. While described as 'well-maintained,' the visible interior images (bathrooms) show updates that appear to be 10-20 years old, featuring functional but not modern styles (e.g., basic vanities, wood-look tile, updated but not high-end shower tile). There are no images or details provided for the kitchens, appliances, or major systems (HVAC, electrical, plumbing), which for a property of this age, strongly suggests these components are likely original or significantly outdated and would require future capital expenditure. The property is functional but shows clear signs of being aged and would benefit from minor updates to meet current market expectations.
Year Built
1963
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$422
HOA
-
Days on market
-
Sold On
-
MLS number
OC25146357
Home ConditionFair
Features
Patio
View-
About this home
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!
Condition Rating
Fair
Built in 1963, this property is over 60 years old. While described as 'well-maintained,' the visible interior images (bathrooms) show updates that appear to be 10-20 years old, featuring functional but not modern styles (e.g., basic vanities, wood-look tile, updated but not high-end shower tile). There are no images or details provided for the kitchens, appliances, or major systems (HVAC, electrical, plumbing), which for a property of this age, strongly suggests these components are likely original or significantly outdated and would require future capital expenditure. The property is functional but shows clear signs of being aged and would benefit from minor updates to meet current market expectations.
Pros & Cons
Pros
Investment Opportunity: A rare fourplex in a high-demand rental area, ideal for a buy-and-hold strategy to secure a reliable income stream and expand an investor's portfolio.
Spacious Units: Each of the four units offers a desirable layout with 3 spacious bedrooms and 2 bathrooms, approximately 1,200 sq. ft. of living space, appealing to a broad tenant base.
Separately Metered Utilities: Each unit is separately metered for electricity and gas, significantly reducing the owner's operating costs and simplifying utility management for both owner and tenants.
Prime Central Location: Strategically located in Garden Grove, offering excellent access to the 22 Freeway, schools, churches, restaurants, and everyday amenities, enhancing tenant appeal and property value.
No HOA Fees: The absence of HOA fees provides a direct cost saving for the owner, contributing to higher net operating income and overall investment profitability.
Cons
Property Age: Built in 1963, the property's age may necessitate future capital expenditures for system upgrades or renovations to maintain its competitive edge and appeal.
Lack of Unit Modernization Details: While described as 'well-maintained,' the listing does not specify recent interior renovations or modern upgrades within the units, potentially indicating dated finishes that could impact rental rates or tenant attraction.
Shared Laundry Facility: The property features a community laundry room rather than in-unit laundry, which may be a less desirable amenity for some prospective tenants seeking greater convenience.