12892 12892 Adelle, Garden Grove, California 92841, Garden Grove, 92841 - 0 bed, 0 bath
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Garden Grove, California 92841
This Value-Add Multi-Family Asset is listed at $1,500,000, reflecting a stable entry point near its $1,458,816 Fair Market Value. Holding a Condition Rating of 5, the structure requires comprehensive rehabilitation to modernize its three 2-bedroom units and capture market-rate rents. The property currently generates $5,552 in monthly income and features independent utility meters and 8 parking spaces, significantly lowering operational overhead. Located in a high-demand rental corridor near major freeways, this is a prime acquisition for Buy-and-Hold Investors or Value-Add Specialists targeting forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12892 12892 Adelle Subject | $1,500,000* List Price | 0 | 0 | 3,123 | $467 | - |
A 12603 Josephine Sold | $1,510,000 | 0 | 0 | 2,626 | $575 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956, this property shows significant signs of age and neglect. The kitchen features extremely dated white cabinets, worn laminate countertops, an old freestanding range, and a basic sink, all in poor condition. The bathroom is equally outdated with an old vanity, basic fixtures, and worn surfaces. Throughout the visible areas, the white ceramic tile flooring is heavily stained and the grout is dirty. The overall impression is one of heavy use with minimal to no significant renovations in many decades, requiring substantial rehabilitation to meet modern living standards.
The property is explicitly marketed as a 'Great Income Producing Investment Opportunity!' with a stated monthly rental income of $5,552 and 'Very Low Expenses', offering immediate cash flow.
As a triplex with three separate 2-bedroom/1-bathroom units, it provides diversified rental income streams and appeals to a broad tenant base, reducing vacancy risk.
Each unit benefits from separate electric, gas, and water meters, simplifying tenant billing and significantly reducing the landlord's utility management burden and costs.
Built in 1956, the property is nearly 70 years old, suggesting potential for aging infrastructure, systems (plumbing, electrical, HVAC), and the need for significant capital expenditures in the near future.
The 'Please Do Not Disturb Tenants' clause restricts access for thorough inspections and showings, which can make comprehensive due diligence challenging for potential buyers.
Without mention of recent renovations, the 1956 build year implies units may have dated interiors and systems, potentially requiring significant updates to maximize rental value or attract premium tenants.
Great Income Producing Investment Opportunity! Garden Grove Triplex - (3) 2 Bedroom/1 Bathroom units. 3,123 Sqft Structure, 9,214 Sqft Lot. 6 Open Parking Spaces, 2 Single Car Garage. Separate Addresses, As Well As Separate Electric, Gas & Water Meters. Centrally Located In The Heart of Garden Grove, Near Freeways, Schools & Shopping. A $5552 Rental Income A Month, With Very Low Expenses. Please Do Not Disturb Tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,123 | 2,874.5 | 50% |
| Lot Size | 9,214 | 9,834 | 50% |
| Price | $1.50M | $1.50M | 50% |
| Price per sq ft | $480 | $528 | 50% |
| Built year | 1956 | 1949 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 195 | 133 | 0% |
Oct 9, 2025
$1,500,000
Initial Listing