
Garden Grove, California 92840
This Versatile Residential Property is a Strong Value Opportunity, listed at $1,199,888—positioned above the $1,135,527 Fair Market Value. While priced at a premium, the property features a Good Condition Rating and a Luxury ADU with high-end finishes, offering significant income potential. The 7,300 sq. ft. lot and proximity to major entertainment hubs provide long-term stability. This unique "house hack" setup is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income in the Garden Grove Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12292 Bluebell Subject | $1,199,888* List Price | 4 | 2 | 1,830 | $621 | - |
A 11681 Daniel Avenue Sold | $1,100,000 | 4 | 2 | 1,805 | $609 | 0.6 mi |
B 11341 Jacalene Sold | $1,000,000 | 5 | 2 | 1,717 | $582 | 0.6 mi |
C 11552 Reva Sold | $1,100,000 | 4 | 3 | 1,975 | $557 | 0.8 mi |
D 11472 Presidio Way Sold | $1,065,000 | 3 | 2 | 1,683 | $633 | 0.8 mi |
E 11891 Waverly Drive Sold | $1,050,000 | 3 | 2 | 1,299 | $808 | 1.0 mi |
F 12131 Sungrove St Sold | $1,000,000 | 4 | 3 | 1,847 | $541 | 0.8 mi |
G 11931 Waverly Sold | $1,000,000 | 3 | 2 | 1,469 | $681 | 1.0 mi |
H 11942 Ricky Sold | $975,000 | 3 | 2 | 1,251 | $779 | 0.4 mi |
I 12071 Reva Active | $1,175,000 List Price | 3 | 3 | 1,773 | $663 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property presents a split condition: the 500 sq. ft. ADU is in Excellent condition (3 years old with luxury finishes), while the main 1955 residence is in Fair condition due to a dated kitchen with mixed cabinetry and an original pink-tile bathroom. Overall, the property is well-maintained, functional, and move-in ready, justifying a Good rating.
The property features a recently constructed 500 sq. ft. ADU with high-end finishes like Calacatta marble and white oak flooring, providing excellent potential for rental income or multigenerational living.
Ideally situated minutes from Disneyland Resort, Angel Stadium, and the Anaheim Convention Center, this home offers unparalleled access to world-class entertainment and employment hubs.
The generous 7,300 sq. ft. lot includes mature fruit trees and separate private outdoor spaces for both the main house and the ADU, a rare find in this suburban market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1830, other record living area = 1330.
With the main residence originally built in 1955, buyers may need to budget for ongoing maintenance or further updates to match the modern standard of the new ADU.
The property lacks any significant scenic views, which may be a drawback for buyers prioritizing aesthetic vistas at this price point.
Discover the exceptional versatility of 12292 Bluebell Avenue, where timeless comfort meets modern design. Featuring a beautifully updated main residence and a newly constructed luxury ADU, this one-of-a-kind property offers an elevated living experience with the flexibility to accommodate multigenerational living, rental income, or a private guest retreat. Situated on a generous 7,300 sq. ft. lot, the property offers approximately 1,830 sq. ft. of total living space, including a 500 sq. ft. ADU. The main residence features 4 bedrooms and 2 full bathrooms. Inside, you’ll find warm hardwood flooring and an inviting layout designed for everyday living. Step outside to a spacious backyard complemented by mature fruit trees, creating the perfect setting for outdoor entertaining, gardening, or simply relaxing with family and friends. Completed just three years ago, the ADU is a true standout. Thoughtfully designed with its own private entrance, separate backyard, and exceptional privacy, it feels like a home of its own. The interior showcases upscale finishes including stunning Calacatta marble, elegant white oak flooring, and a luxurious freestanding soaking tub. Whether you’re looking to generate rental income, accommodate extended family, host guests, or create a private home office, this beautifully appointed ADU offers endless possibilities. Location is everything, and this home delivers. Ideally positioned just minutes from Disneyland Resort, Anaheim Convention Center, and Angel Stadium, you’ll enjoy convenient access to world class entertainment, dining, and shopping. This home is also within walking distance of the highly acclaimed Parkview Elementary School. Rarely does a property offer this level of versatility, quality, and location. Don’t miss this exceptional opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,830 | 1,574.458 |
| Lot Size | 7,300 | 7,206.15 |
| Price | $1.20M | $1.09M |
| Price per sq ft | $656 | $723 |
| Built year | 1955 | 1957 |
| HOA | $0 | $227 |
| Days on market | 63 | 43 |
Jul 8, 2026
$1,199,888
Initial Listing
Aug 27, 2018
$610,000
Public Record