12132 Haster, Garden Grove, California 92840, Garden Grove, 92840 - 0 bed, 0 bath
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Garden Grove, California 92840
This Prime Investment Opportunity is a Residential Income Quadruplex listed at $2,100,000, positioned well below the $2,183,878 Fair Market Value by 3%. This valuation gap offers $83,878 in Instant Equity. Featuring an Excellent Condition Rating with 17 bedrooms and 20 parking spaces, this turnkey asset maximizes rental density. The property provides immediate cash flow potential without the need for capital expenditures. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-yield income-producing asset in Orange County.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12132 Haster Subject | $2,100,000* List Price | 0 | 0 | 5,400 | $404 | - |
A 13401 El Prado Active | $1,775,000 List Price | 0 | 0 | 4,028 | $441 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1962, the property is described as fully remodeled and turnkey with modern finishes and upgraded interiors. The recent comprehensive renovation and mint condition status place it in the excellent category.
With a total of 17 bedrooms and 11 bathrooms across just four units, this property offers an unusually high bedroom-to-unit ratio, maximizing potential rental income and appeal for large households.
The inclusion of 20 parking spaces on a 15,246 sqft lot is a rare and highly valuable asset for a multifamily property, significantly reducing tenant turnover and parking-related friction.
The property has been fully remodeled with modern finishes and upgraded interiors, allowing an investor to command top-market rents immediately without the need for immediate capital expenditures.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15246, other record lot size in square feet = 15406. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5400, other record living area = 2304.
The listing price of $2.1M represents a substantial increase from its 2022 sale price of $1.45M, which may require a rigorous appraisal and cap rate analysis to justify the investment return.
Originally constructed in 1962, the property may have underlying structural or systemic components that, despite the aesthetic remodel, could require long-term maintenance typical of 60-year-old buildings.
Exceptional investment opportunity in the heart of Garden Grove! This fully remodeled 4 unit property offers a rare combination of size, functionality, and income potential featuring a total of 17 bedrooms and 11 bathrooms across the complex. Each unit has been thoughtfully updated with modern finishes, upgraded interiors, and stylish improvements that make this property truly turnkey. The expansive lot includes an impressive 20 parking spaces, providing ample convenience for tenants and guests alike a rare feature for multifamily properties in the area. Ideally located near shopping, dining, schools, and major freeways, this property is perfect for investors seeking strong rental potential or owner users looking for a versatile income producing asset. Don’t miss the opportunity to own this beautifully upgraded multifamily property in a prime Orange County location!
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 | 5,400 | 4,184.5 | 75% |
| Lot Size | 15,246 | 8,712 | 75% |
| Price | $2.10M | $1.70M | 75% |
| Price per sq ft | $389 | $405 | 25% |
| Built year | 1962 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 170 | 25% |
May 19, 2026
$2,100,000
Initial Listing
Jun 21, 2022
$1,450,000
Public Record
Nov 18, 2016
$701,000
Public Record
Jul 22, 1996
$250,000
Public Record