
Garden Grove, California 92840
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,729,000—positioned above the $1,333,316 Fair Market Value. While the property requires capital improvements due to its Condition Rating of 5, the Diverse Unit Mix and proximity to the Anaheim resort area ensure strong rental demand. This asset offers significant upside for those capable of executing a strategic renovation plan to modernize aging infrastructure. This is a Value-Add Acquisition ideal for Buy-and-Hold Investors or Experienced Developers seeking to maximize long-term yield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12102 Haster Subject | $1,729,000* List Price | 0 | 0 | 3,857 | $346 | - |
A 12071 Laguna Sold | $1,665,000 | 0 | 0 | 4,014 | $415 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 (62 years old) and marketed as a 'value add' investment opportunity, which typically indicates original or aged systems and interiors. Visible popcorn ceilings, dated stone masonry, and exterior trim wear suggest the property requires a full rehab to modernize kitchens, baths, and potentially aging HVAC/electrical systems.
Situated near the Anaheim resort area, this property benefits from high rental demand and proximity to major employment and entertainment hubs, ensuring consistent occupancy.
The quadruplex features a versatile mix of 3-bedroom, 2-bedroom, and 1-bedroom units, appealing to a wide range of tenant profiles and maximizing income potential.
With a strong long-term rental history and a 'drive-by only' status, there is a clear opportunity to increase equity and rental income through strategic interior renovations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7703.
Built in 1962, the property may require capital expenditures for deferred maintenance or upgrades to major systems like plumbing and electrical to meet modern standards.
The 'drive-by only' and 'do not disturb tenants' requirements limit immediate interior inspections, which may complicate the initial assessment of the property's physical condition.
Great investment opportunity near the Anaheim resort area! Four Unit apartment with great unit mix. Upstairs 3 bed / 2 bath apartment. Downstairs units have a great mix of 2 bed / 21 bath and 1 bed / 1 bath. Total approximate living space of 3,857 sq ft on a lot size of approximately 7,841 sq ft lot. The apartment building has a strong long-term rental history in a market with high demand. Great opportunity to value add on this property. Drive by only - Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,857 | 3,935.5 | 50% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $1.73M | $1.70M | 75% |
| Price per sq ft | $448 | $432 | 50% |
| Built year | 1962 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 170 | 25% |
May 27, 2026
$1,729,000
Initial Listing
Dec 29, 1994
$250,000
Public Record