12111 Adrian Street, Garden Grove, California 92840, Garden Grove, 92840 - bed, bath
ACTIVE$1,750,000
12111 Adrian Street, Garden Grove, California 92840
0Bed
0Bath
4,042Sqft
7,841Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: Explicitly marketed as a 'Great Investment Property' and classified as a Quadruplex, offering significant potential for rental income and portfolio diversification.
Top Cons:
Property Age: Built in 1963, the property is over 60 years old, which may imply potential for deferred maintenance or the need for system upgrades (e.g., plumbing, electrical, HVAC) in the near future, despite being in 'good condition'.
Compared to the nearby listings
Price:$1.75M vs avg $1.71M (+$42,500)50%
Size:4,042 sqft vs avg 4,028 sqft50%
Price/sqft:$433 vs avg $42450%
More Insights
Built in 1963 (62 years old).
Condition: The property was built in 1963, making it over 60 years old. While the description states it's in 'good condition,' the visible interior elements such as the carpet, fireplace, and window treatments appear dated. There is no evidence of recent extensive renovations (within the last 15-30 years) to bring it up to modern standards. Crucially, no images of the kitchen or bathrooms are provided, but given the age and visible dated features, it's highly probable these key areas are also outdated and would require significant updates. Major systems (HVAC, plumbing, electrical) are likely original or very old, suggesting they are functional but show signs of being outdated and may require minor updates or repairs.
Year Built
1963
Close
-
List price
$1.75M
Original List price
$1.82M
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
PW25135398
Home ConditionFair
Features
Patio
View-
About this home
Great Investment Property! This is a popular Covington two-story multi-family dwelling in good condition with 4,042 SF of living space on a large 7,841 SF lot. The property is located on a quiet cul-de-sac (Adrian Street) with lots of on-street parking for guests. The structure includes a total of 4 residential units which consist of (1)- 1 bd & 1ba, (2)- 2 bd & 2 ba, and (1)- 3 bd & 2 ba units. There are a total of 3 exterior patios, 3 brick fireplaces, 4 single-car garages with 2 additional spaces (1 of which is shared with neighbor), grassed common space, and a coin-operated laundry facility. Between each residential unit, the building structure has concrete block walls separating each other for noise minimizing and safety.
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the description states it's in 'good condition,' the visible interior elements such as the carpet, fireplace, and window treatments appear dated. There is no evidence of recent extensive renovations (within the last 15-30 years) to bring it up to modern standards. Crucially, no images of the kitchen or bathrooms are provided, but given the age and visible dated features, it's highly probable these key areas are also outdated and would require significant updates. Major systems (HVAC, plumbing, electrical) are likely original or very old, suggesting they are functional but show signs of being outdated and may require minor updates or repairs.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as a 'Great Investment Property' and classified as a Quadruplex, offering significant potential for rental income and portfolio diversification.
Diverse Unit Mix: Comprises four distinct residential units (1x1/1, 2x2/2, 1x3/2), appealing to a broad range of tenants and potentially ensuring high occupancy rates.
Desirable Location Feature: Situated on a quiet cul-de-sac with ample on-street parking, enhancing tenant appeal and providing convenience for residents and their guests.
Tenant-Friendly Amenities: Includes multiple exterior patios, brick fireplaces, dedicated single-car garages, grassed common space, and a coin-operated laundry facility, adding value and convenience for residents.
Solid Construction & Noise Reduction: Features concrete block walls between each residential unit, designed to minimize noise and enhance safety for tenants.
Cons
Property Age: Built in 1963, the property is over 60 years old, which may imply potential for deferred maintenance or the need for system upgrades (e.g., plumbing, electrical, HVAC) in the near future, despite being in 'good condition'.
Shared Parking Arrangement: One of the two additional parking spaces is shared with a neighbor, which could lead to minor inconveniences or potential disputes among residents.
Recent Price Reduction: The listing price has been reduced from $1.825M to $1.75M, which could suggest initial overpricing or a longer time on the market than anticipated, potentially indicating a need for a more competitive pricing strategy.