12061 Nutwood, Garden Grove, California 92840, Garden Grove, 92840 - 3 bed, 2 bath

12061 Nutwood, Garden Grove, California 92840 home-pic-0

12061 Nutwood

Garden Grove, California 92840

ACTIVE
CONDITION: POOR
3Beds
2Baths
1,394Sq Ft
7,201Lot Size

Property Price

LIST PRICE$949,777
EST. MARKET VALUE
$879,587
7% AboveMARKET VALUE

SUMMARY

Analysis of 12061 Nutwood, Garden Grove, California 92840 reveals a property with a current list price of $949,777, which is 7% above the estimated $879,587 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Garden Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$879,587
Based on Realkey algorithm analyzing recent comparable sales in Garden Grove.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
12061 Nutwood
Subject
$949,777*
List Price
321,394$631-
A
12231 Movius Drive
Sold
$850,000321,182$7190.3 mi
B
10961 Patricia Drive
Sold
$995,000321,531$6500.6 mi
C
10131 10131 Brookside
Sold
$850,000321,519$5600.9 mi
D
11402 Baggett
Sold
$890,000321,098$8110.7 mi
E
11762 Gary Street
Sold
$880,000321,050$8380.3 mi
F
12256 Lesley Street
Pending
$999,000
List Price
321,500$6660.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

The property is marketed as a 'value-add opportunity' for flippers, requiring a substantial renovation budget of approximately $65,000 for the kitchen, bathrooms, flooring, and appliances. Although high-ticket infrastructure items like the roof, electrical panel, and plumbing have been updated, the interior living spaces are severely outdated and require a complete rehabilitation to meet modern standards, aligning with the criteria for substantial repairs.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7201, living area = 1394.

  • Major Infrastructure Upgrades

    The property features significant high-ticket updates including replacement vinyl windows, an updated electrical panel with new wiring, copper re-piping, a newer furnace, and a re-sheeted roof, minimizing the risk of hidden structural costs.

  • High Value-Add Potential

    With original oak hardwood floors preserved under the carpet and a significant gap between the list price and the $1.15M-$1.2M ARV, this home offers a lucrative opportunity for equity growth through cosmetic renovation.

CONSRISKS & DEFICIENCIES

  • Extensive Cosmetic Renovation Required

    The interior, specifically the kitchen and bathrooms, requires a complete overhaul to meet modern standards, making it unsuitable for buyers looking for a move-in-ready home.

  • Lack of Central Cooling

    Although the heating system is updated, the property lacks a central air conditioning system, which is a significant drawback for comfort and resale value in the Southern California climate.

About 12061 Nutwood

INVESTORS, FLIPPERS AND BUYERS SEEKING A VALUE-ADD OPPORTUNITY!!! THIS HOUSE IS FOR YOU! 3BR 2BA with FAMILY ROOM and HUGE YARD! If you are seeking a house to renovate, this is a great candidate as most of the expensive items have already been updated, including: Replacement vinyl windows, Updated Electric Panel and most or all wiring, updated switches and outlets, evidence of copper re-pipe in bathrooms and kitchen, Central heating system with newer furnace installed, water heater, garage door and opener, roof has been re-sheeted and asphalt shingles appear to be serviceable. Front and rear lawns are in good condition with updated automated irrigation in front and rear. This home has a master suite with attached bath, two additional bedrooms with a shared bath. Original oak hardwood floors appear to be preserved under the existing carpet throughout the house. Save yourself time and review all the photos that show the items updated. There is a family room off the kitchen. Two fireplaces. Huge rear yard with room to add on, build an ADU, pool or backyard oasis. Based on nearby, newly remodeled properties currently for sale or recently sold, ARV (After Renovation Value) shows approximately $1,150,000 to $1,200,000. With most of the expensive items already done on this house, a renovation budget of $65,000 is realistic (Paint, Flooring, kitchen, baths, fixtures, appliances). This is an attractive opportunity with good profit potential.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1956
Lot Size
7,201 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,3941,531
34%
Lot Size7,2017,275
28%
Price$949.8K$1.04M
33%
Price per sq ft$681$643
55%
Built year19561955
55%
HOA$0$0
50%
Days on market8166
1%

Pricing History

Listed for Sale

Feb 27, 2026

$949,777

Initial Listing

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