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12071 Laguna Street, Garden Grove, California 92840, Garden Grove, 92840 - bed, bath

12071 Laguna Street, Garden Grove, California 92840 home-pic-0
ACTIVE$1,799,999
12071 Laguna Street, Garden Grove, California 92840
0Bed
0Bath
4,014Sqft
7,841Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Robust Investment Potential: Explicitly stated as offering 'generous monthly income with a solid cash flow' and benefiting from a 'low vacancy rate' in the area, indicating strong financial performance.
Top Cons:
Property Age & Potential Capital Expenditures: Built in 1964, the property's age suggests potential for aging systems (e.g., plumbing, electrical, roof) that may require future capital investment.

Compared to the nearby listings

Price:$1.80M vs avg $1.73M (+$67,499.5)50%
Size:4,014 sqft vs avg 4,014 sqft50%
Price/sqft:$448 vs avg $43250%

More Insights

Built in 1964 (61 years old).
Condition: Built in 1964, the property is well-maintained as stated in the description, and the roof appears to be in good condition. However, the interior images reveal dated elements such as the wood-toned kitchen cabinetry, speckled laminate countertops, and the tiled flooring in the living area. While functional and clean, these features suggest renovations were not recent (within the last 15 years) and do not align with current modern aesthetics. The property is livable and appears to have been regularly maintained, but would benefit from cosmetic updates to kitchens and bathrooms to meet contemporary standards.
Year Built
1964
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
OC25153831
Home ConditionFair
Features
Patio
View-

About this home

Well maintained, centrally located 4-unit property with 1 three-bedroom unit with two baths, 1 two-bedroom unit with two baths, 1 two-bedroom unit with one bath and 1 one-bedroom unit with one bath. 3 of the units have long term tenants at 7 and 8 years and one tenant new this year. All units are up to date with current rent values. Laundry facility on property – currently not offered with washer and dryer, all units have their own gas and electric meters, all units have ranges, dishwashers and garbage disposals. There are 6 assigned garages with parking available on garage driveways. One unit has 2 private patios, and two units have balconies. This property is centrally located near shopping & entertainment at the Outlets of Orange, public transportation on Chapman Avenue & restaurants on Chapman and at the Outlets of Orange. UCI Medical Center is also nearby. Units in this area have a low vacancy rate. This property is a great investment property with minimal maintenance and rents that offer a generous monthly income with a solid cash flow. Please Do Not Disturb tenants, Drive By Only and all offers Subject To Interior Inspection After Acceptance of Purchase Agreement.

Condition Rating
Fair
Built in 1964, the property is well-maintained as stated in the description, and the roof appears to be in good condition. However, the interior images reveal dated elements such as the wood-toned kitchen cabinetry, speckled laminate countertops, and the tiled flooring in the living area. While functional and clean, these features suggest renovations were not recent (within the last 15 years) and do not align with current modern aesthetics. The property is livable and appears to have been regularly maintained, but would benefit from cosmetic updates to kitchens and bathrooms to meet contemporary standards.
Pros & Cons

Pros

Robust Investment Potential: Explicitly stated as offering 'generous monthly income with a solid cash flow' and benefiting from a 'low vacancy rate' in the area, indicating strong financial performance.
Stable Tenant Occupancy: Features three long-term tenants (7-8 years) and current market-rate rents across all units, ensuring consistent income and reduced turnover costs.
Prime Central Location: Highly desirable location near major retail (Outlets of Orange), public transit, diverse dining options, and UCI Medical Center, appealing to a broad tenant pool.
Ample Dedicated Parking: Provides significant tenant convenience and value with 6 assigned garages and additional driveway parking, a key amenity for multi-unit properties.
Individual Utility Metering: Each unit has separate gas and electric meters, minimizing landlord utility expenses and promoting tenant accountability.

Cons

Property Age & Potential Capital Expenditures: Built in 1964, the property's age suggests potential for aging systems (e.g., plumbing, electrical, roof) that may require future capital investment.
Restricted Initial Buyer Access: The 'Drive By Only' and 'Subject To Interior Inspection After Acceptance' policy may limit initial buyer interest and prolong the due diligence phase.
Unfurnished Laundry Facility: While a laundry facility is on-site, it currently lacks washers and dryers, representing a missed opportunity for additional tenant amenity or income stream.

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