12292 Ranchero Avenue 4, Garden Grove, California 92843, Garden Grove, 92843 - 0 bed, 0 bath
Loading property details...
Garden Grove, California 92843
This Renovated Quadruplex Income Property is listed at $1,950,000, representing a stable and fair acquisition at its $1,950,000 Fair Market Value. Boasting a Good Condition Rating, the asset has undergone extensive recent capital improvements, including a new roof, updated plumbing, dual-pane windows, and quartz countertops. The diverse unit mix features a single-level 2-bedroom owner's unit and three townhome-style units, all offering private patios and access to a four-car garage with city-approved parking expansion. This turnkey property is an ideal strategic fit for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack in a prime Garden Grove location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12292 Ranchero Avenue 4 Subject | $1,950,000* List Price | 0 | 0 | 4,492 | $434 | - |
A 13391 Palm Street Active | $1,930,000 List Price | 0 | 0 | 4,492 | $430 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1963, this property has undergone extensive recent renovations, including new kitchen quartz countertops, fresh laminate flooring, updated plumbing, new exterior paint, a new roof in most areas, dual-pane windows, and a new water heater. The units are move-in ready with clean, functional kitchens and bathrooms, some of which are described as 'fully remodeled.' Recessed lighting adds a modern touch. While the presence of window/wall AC units instead of central cooling and some basic bathroom fixtures prevent an 'Excellent' rating, the comprehensive updates bring the property to a 'Good' condition, requiring no immediate major renovations.
This quadruplex offers significant income potential with current rents below market value, a community laundry room for extra income, and the flexibility for an owner-occupant to maximize rental returns.
The property boasts comprehensive recent renovations including new kitchen countertops, laminate flooring, updated plumbing, new exterior paint, a new roof in most areas, dual-pane windows, and a new water heater, minimizing immediate capital expenditures.
Situated in a highly sought-after area of Garden Grove, the property offers central access to shopping, parks, dining, entertainment, schools, and major freeways (22/5/57), enhancing tenant desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9148, other record lot size in square feet = 9001.
Built in 1963, despite extensive renovations, the underlying older structure may present potential long-term maintenance considerations or less modern layouts compared to newer constructions.
The property description does not mention the presence of air conditioning or a cooling system, which could be a significant drawback for tenants during warmer months in Southern California.
Great Investment Opportunity! This corner lot 4 unit property is located in the highly sought-after city of Garden Grove, offering a rare chance to own a one of a kind income producing property in a prime location. The property boasts amazing curb appeal and features an attached 4 car garage with additional space to build extra outdoor parking, already approved by the city. The property consists of a mix of unit types. One of the units is a single level 2 bedroom, 2 bath with its own private patio. Inside, you'll find a spacious open floor plan, including a cozy living room with a fireplace. The kitchen is nicely sized with quartz countertops, a breakfast counter, and a dining area that opens to the yard. One of the bedrooms has an attached bath, while the secondary bedroom is conveniently located near a full hallway bath. The other three units are two story and each offers 2 bedrooms and 1.5 baths, along with a private patio. The main level of each features an open floor plan with a spacious living room that leads to the private patio, a breakfast nook, and a kitchen with quartz countertops and a half bath. Upstairs, there are two generously sized bedrooms with ample closet space, and a fully remodeled hallway bath. At the rear of the property, you'll find four garage spaces, one for each unit, along with a community laundry room that provides an opportunity for extra income. This property presents a true gem and exceptional investment opportunity - live in one unit and rent out the others for maximum rental income. With current rents below market value, there's significant upside potential. Additional bonus features include fully renovated units with new kitchen countertops, fresh laminate flooring in most areas, and updated plumbing. The property also offers new exterior paint, a new roof in most areas, dual pane windows and sliding doors, a new wood fence, and a new water heater. Centrally located near shopping, parks, grocery stores, dining, entertainment, schools, and with easy access to the 22/5/57 freeways, this property is ideally situated. Don’t miss out on this once in a lifetime opportunity, this property won’t last long!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 50% |
| Baths | 0.0 | 2.0 | 50% |
| Square foot | 4,492 | 3,742 | 50% |
| Lot Size | 9,148 | 6,075 | 50% |
| Price | $1.95M | $1.61M | 50% |
| Price per sq ft | $434 | $429 | 50% |
| Built year | 1963 | 1988 | 50% |
| HOA | $0 | $77 | 50% |
| Days on market | 96 | 133 | 50% |
Jan 16, 2026
$1,950,000
Initial Listing