12501 Orrway Drive, Garden Grove, California 92841, Garden Grove, 92841 - 0 bed, 0 bath
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12501 Orrway Drive
Garden Grove, California 92841
ACTIVE
CONDITION: POOR
0Beds
0Baths
4,572Sq Ft
8,089.09Lot Size
Property Price
LIST PRICE$1,750,000
EST. MARKET VALUE
$1,883,789
7% BelowMARKET VALUE
SUMMARY
This four-unit multifamily property represents a Strong Value Opportunity, listed at a List Price of $1,750,000—positioned well below the $1,883,790 Fair Market Value by 7%. This valuation gap provides $133,790 in Instant Equity. With a Condition Rating of 5, the property requires interior modernization to reach its full rental potential. Featuring a versatile unit mix, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize cash flow in a central Garden Grove location.
Estimated Market Value
$1,883,789+$133,789 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Garden Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12501 Orrway Drive Subject | $1,750,000* List Price | 0 | 0 | 4,572 | $412 | - |
A 12892 12892 Adelle Active | $1,500,000 List Price | 0 | 0 | 3,123 | $480 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1964 (60 years old), the property is explicitly marketed as a 'value-add opportunity' requiring full interior modernization of kitchens, bathrooms, and flooring, indicating it needs a significant rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Unit Mix
The property features a versatile mix of three two-bedroom units and one three-bedroom unit, which appeals to a broad tenant base and maximizes rental demand in the Garden Grove market.
- Strategic Central Location
Located with convenient access to State Route 22 and Interstate 5, the property is ideally positioned near major employment centers, shopping, and popular destinations like SteelCraft and Historic Main Street.
- Significant Value-Add Potential
The property presents a clear opportunity for forced appreciation through interior renovations and modernization, allowing an investor to capture substantial rental upside and increase long-term asset value.
CONSRISKS & DEFICIENCIES
- Immediate Capital Expenditure Required
As a value-add opportunity built in 1964, the property likely requires significant upfront investment for renovations and modernization to achieve market-rate rents.
- Aging Infrastructure
Given the 1964 construction date, the property may face higher maintenance costs or require upgrades to major systems that are not yet modernized, impacting initial cash flow.
About 12501 Orrway Drive
12501 Orrway is a four-unit multifamily investment property located in Garden Grove, California. The property features a desirable unit mix consisting of three two-bedroom units and one three-bedroom unit, providing broad appeal within the local rental market. Situated in a central Garden Grove neighborhood, the property offers convenient access to shopping, dining, recreation, and major employment centers throughout Orange County. Nearby destinations include Garden Grove Boulevard, Historic Main Street, Costco, Haster Basin Recreational Park, Garden Grove Park, and SteelCraft Garden Grove. Convenient access to State Route 22 and Interstate 5 also provides connectivity throughout Orange County and the greater Southern California region. The property presents a compelling value-add opportunity with potential upside through interior renovations, modernization, and rental optimization. Potential improvements may include updated kitchens and bathrooms, quartz countertops, shaker-style cabinetry, modern appliances, recessed lighting, luxury vinyl plank flooring, and contemporary fixtures and finishes. With its desirable unit mix, established Garden Grove location, access to nearby amenities, and renovation potential, 12501 Orrway offers an opportunity to increase rental income, improve cash flow, and enhance long-term asset value through a strategic improvement program.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 8,089.09 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,572 | 4,225.5 |
| Lot Size | 8,089.09 | 10,118.5 |
| Price | $1.75M | $1.54M |
| Price per sq ft | $383 | $476 |
| Built year | 1964 | 1962 |
| HOA | $0 | $0 |
| Days on market | 7 | 83 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,750,000
Initial Listing