12012 Spencer, Garden Grove, California 92841, Garden Grove, 92841 - 4 bed, 2 bath
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Garden Grove, California 92841
This Value-Add Residential Asset is listed at $995,000, currently positioned above its $882,556 Fair Market Value. While the home carries a Poor Condition Rating due to its original 1974 interior, the 1,879-square-foot floor plan offers a spacious foundation for modernization. Key features include a Prime Corner Lot, a private courtyard, and a secure location within a gated community. Situated in the Garden Grove Unified School District, this property represents a significant opportunity for forced appreciation through renovation. It is best suited for Value-Add Investors or Owner-Occupants seeking a customizable project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12012 Spencer Subject | $898,000* List Price | 4 | 2 | 1,879 | $469 | - |
A 9251 Judy Lane Sold | $995,000 | 3 | 2 | 1,762 | $565 | 0.2 mi |
B 9552 Dewey Drive Sold | $971,000 | 5 | 4 | 2,171 | $447 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 50 years old and remains largely in its original 1974 condition. While the listing notes pride of ownership and newer windows/HVAC, the kitchen and bathrooms are severely dated and require a full rehabilitation to meet modern standards, fitting the >30-year criteria for poor condition.
Situated on one of the largest corner lots within a secure gated community, providing enhanced privacy and superior outdoor space compared to neighboring properties.
Reflecting 47 years of pride of ownership, the home features high-quality upgrades including newer energy-efficient windows, plantation shutters, and a well-maintained central AC system.
The 1,879 sq. ft. layout offers a spacious primary suite with direct backyard access and a private courtyard with a pergola, ideal for Southern California entertaining.
Being on the market for the first time in nearly five decades, the home likely requires cosmetic modernization in the kitchen and bathrooms to align with contemporary buyer preferences.
The $400 monthly association fee increases the total cost of ownership, which may be a deterrent for buyers specifically seeking a traditional non-gated single-family residence.
Welcome to this 4 bed, 2 bath home which offers 1,879 sq ft on a corner lot—the largest in a gated community. Step into the inviting courtyard and you immediately feel the warmth of this home. It may appear modest from the outside, but once inside, the spacious layout truly opens up. Well-maintained with double pane windows and sliding doors, plantation shutters, a cozy fireplace, and a water softener system. Functional layout includes a living room with vaulted ceilings and a fireplace, a separate family room next to the kitchen with dining area, plus a separate dining space. One bedroom features built-in bookcases and cabinets...perfect for a home office or homework zone. Enjoy multiple outdoor spaces including a private courtyard with pergola, spacious backyard, and low-maintenance turf. The primary suite offers double closets and direct access to the backyard for easy indoor-outdoor living. Additional highlights: laundry in the garage, A/C, direct-access 2-car garage. HOA amenities include well-maintained grounds, security gate, and community pool. Great opportunity with tons of potential in a prime location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,879 | 1,496.5 |
| Lot Size | 5,500 | 7,260.5 |
| Price | $898.0K | $1.07M |
| Price per sq ft | $478 | $717 |
| Built year | 1974 | 1956 |
| HOA | $400.0 | $98 |
| Days on market | 84 | 45 |
Jun 11, 2026
$898,000
$955,000
-6% Price Drop
Initial Listing
May 14, 2026
$955,000
$995,000
-4% Price Drop
Initial Listing
Apr 29, 2026
$995,000
Initial Listing