12292 Ranchero Avenue 4, Garden Grove, California 92843, Garden Grove, 92843 - bed, bath

12292 Ranchero Avenue 4, Garden Grove, California 92843 home-pic-0

12292 Ranchero Avenue 4

Garden Grove, California 92843

ACTIVE
CONDITION: GOOD
0Beds
0Baths
4,492Sq Ft
9,148Lot Size

Property Price

LIST PRICE$1,950,000

SUMMARY

Analysis of 12292 Ranchero Avenue 4, Garden Grove, California 92843 is currently available with a list price of $1,950,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Garden Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Strong Investment Opportunity

    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.

  • Extensive Recent Renovations

    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.

  • Prime Garden Grove Location

    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.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    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.

  • Older Building Structure

    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.

  • Absence of Cooling System

    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.

About 12292 Ranchero Avenue 4

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!

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1963
Lot Size
9,148 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds-2.5
50%
Baths-2.0
50%
Square foot4,4923,742
50%
Lot Size9,1486,075
50%
Price$1.95M$1.61M
50%
Price per sq ft$434$429
50%
Built year19631988
50%
HOA$0$77
50%
Days on market5087
50%

Pricing History

Listed for Sale

Jan 16, 2026

$1,950,000

Initial Listing

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