12541 West Street, Garden Grove, California 92840, Garden Grove, 92840 - 5 bed, 4 bath

12541 West Street, Garden Grove, California 92840 home-pic-0
ACTIVE$1,175,000
12541 West Street, Garden Grove, California 92840
5Beds
4Baths
1,810Sqft
7,200Lot

Price Vs. Estimate

The estimated value ($803,448.585) is $371,551.415 (31%) lower than the list price ($1,175,000). This property may be overpriced.

Key pros and cons

Top Pros:
Dual Income Potential: The property offers exceptional dual-income investment opportunities with a main house and a fully permitted, separate ADU, allowing for two distinct rental streams on a single tax parcel.
Top Cons:
Significant Valuation Discrepancy: The current listing price of $1,175,000 is substantially higher than the estimated property value of $803,448.585, indicating a potential overpricing of approximately 31% according to automated valuations.

Compared to the nearby listings

Price:$1.18M vs avg $1.05M (+$125,000)73%
Size:1,810 sqft vs avg 1,624 sqft60%
Price/sqft:$649 vs avg $62662%

More Insights

Built in 1957 (68 years old).
Condition: The property features a newly built ADU (2019) with modern finishes, including a full kitchen with white shaker cabinets, dark countertops, stainless steel appliances, new flooring, recessed lighting, and mini-split AC units, all in excellent condition. The main house, built in 1957, has been 'recently remodeled with modern finishes' and is described as 'Turn-Key Condition,' indicating extensive renovation within the last 5-15 years, bringing it up to current quality standards. The combination of a new ADU and a recently renovated main house means all components are new or virtually new, with no deferred maintenance.
Year Built
1957
Close
-
List price
$1.18M
Original List price
$1.2M
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
OC25062826
Home ConditionExcellent
Features
Patio
View-

About this home

$25K PRICE REDUCTION. EXCEPTIONAL DUAL-INCOME INVESTMENT OPPORTUNITY: This property is currently priced $30K lower than its appraised value. Premium Location Near World-Class Entertainment Destinations. Capitalize on this rare dual-income investment property strategically positioned in the high-demand tourist corridor between Disneyland and Knott's Berry Farm—two of Southern California's most visited attractions generating consistent rental demand year-round. Main House - 3BR/2BA with 1,018 sq ft of thoughtfully renovated living space. Turn-Key Condition: Recently remodeled with modern finishes. Fully permitted and separate ADU Income Generator - Built in 2019 with its own assigned address. 2-bedroom, 2-bathroom layout spanning 792 square feet, complete with high ceilings, a full kitchen, and a family room. Independent Rental: Perfect for maximizing rental income with separate entrances. Investment Advantages: Dual Income Streams - Generate revenue from two separate residences on a single tax parcel. Appreciation Potential: Located in a stable market with strong fundamentals for long-term value growth. Versatile Strategy Options: Suitable for traditional rentals or a hybrid approach. Tourism-Driven Market: Benefit from proximity to major attractions that draw millions of visitors annually. Strategic Location: Tourism Hotspot - Minutes from Disneyland Resort and Knott's Berry Farm. Conveniently located near major highways, public transportation options, Costco, various supermarkets, and a diverse selection of restaurants. This property represents a compelling opportunity to acquire a cash-flowing asset in a prime location with multiple income strategies available to maximize your investment returns. Don't miss out on this rare find. Contact us today to receive a detailed financial analysis and schedule your private showing!

Condition Rating
Excellent

The property features a newly built ADU (2019) with modern finishes, including a full kitchen with white shaker cabinets, dark countertops, stainless steel appliances, new flooring, recessed lighting, and mini-split AC units, all in excellent condition. The main house, built in 1957, has been 'recently remodeled with modern finishes' and is described as 'Turn-Key Condition,' indicating extensive renovation within the last 5-15 years, bringing it up to current quality standards. The combination of a new ADU and a recently renovated main house means all components are new or virtually new, with no deferred maintenance.
Pros & Cons

Pros

Dual Income Potential: The property offers exceptional dual-income investment opportunities with a main house and a fully permitted, separate ADU, allowing for two distinct rental streams on a single tax parcel.
Prime Location: Strategically positioned in a high-demand tourist corridor between Disneyland and Knott's Berry Farm, ensuring consistent rental demand and proximity to major attractions and amenities.
Turn-Key Condition & Modern ADU: The main house is recently remodeled with modern finishes, and the ADU was built in 2019, featuring a modern 2-bedroom, 2-bathroom layout with high ceilings and a full kitchen, minimizing immediate renovation needs.
Value Proposition: The property is currently priced $30K lower than its appraised value and has seen a $25K price reduction, presenting a potentially attractive entry point for investors.
Versatile Investment Strategy: Suitable for traditional rentals or a hybrid approach, offering multiple income strategies to maximize investment returns in a tourism-driven market.

Cons

Significant Valuation Discrepancy: The current listing price of $1,175,000 is substantially higher than the estimated property value of $803,448.585, indicating a potential overpricing of approximately 31% according to automated valuations.
Age of Main Structure: The main house was built in 1957. While renovated, older properties can still present unforeseen maintenance challenges or require updates to underlying infrastructure over time.
Intensive Management for Short-Term Rentals: Given its tourism-driven location, a strategy focused on short-term rentals (e.g., Airbnb) would likely entail higher management demands, increased wear and tear, and potentially fluctuating income compared to long-term leases.

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