
Garden Grove, California 92841
This Strong Value Opportunity is a Quadruplex Residential Income Asset listed at $1,799,000—positioned well below the $1,922,252 Fair Market Value by 6%. This valuation gap offers $123,252 in Instant Equity. Featuring a Condition Rating of 3, the property includes Granite Kitchens and Cathedral Ceilings, ensuring high tenant appeal. With stable Section 8 participation and a prime location near major retail hubs, this is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate, reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12920 Sycamore Street Subject 0 bd · 0 ba · 3,752 sqft · $512 | $1,799,000* List Price | 0 | 0 | 3,752 | $512 | - |
A 12812 Louise Sold 0 bd · 0 ba · 3,150 sqft · $575 · 0.4 mi | $1,812,000 | 0 | 0 | 3,150 | $575 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1975, the property is well-maintained with significant interior upgrades. Three units feature granite countertops, designer tile flooring, and air conditioning, suggesting a renovation within the 5-15 year range that keeps the units functional and move-in ready for tenants.
Each unit offers a desirable 2-bedroom, 1.5-bathroom layout with premium features like cathedral ceilings, granite countertops, and fireplaces, making them highly attractive to quality tenants.
Situated in a high-demand area near Little Saigon and Koreatown with immediate access to major retailers like Costco and H-Mart, ensuring long-term desirability and low vacancy rates.
The property benefits from a reliable income stream with long-term tenants and Section 8 participation, providing immediate cash flow and reduced turnover risk for an investor.
Built in 1975, the property may require more frequent maintenance or future capital improvements to aging infrastructure and systems compared to newer builds.
With only four garage spaces and two guest spots for four multi-bedroom units, parking availability may be a challenge for households with multiple vehicles.
Back to the market - Exceptional 4-unit Investment Property in the Heart of Garden Grove. Outstanding investment opportunity featuring 4 units with long-term tenants, including Section 8. The property consists of a single-story front unit and 3 additional units in the rear (2 upstairs and 1 downstairs). 3 of the units showcase catheral ceilings, desinger tile flooring, air conditioning, and granite countertops in the kitchens. The 4th unit features tile and wood laminate flooring. All units include window coverings, spacious living rooms with fireplaces, dining areas, 2 bedrooms and 1.5 bathrooms. The front unit offers a private courtyard patio and a covered side patio, while the downstairs rear unit boasts an expansive grassy yard with its own patio. Additional amenities include 2 shared two-car garages with roll-up doors, 2 guest parking spaces, and ample street parking. The building also provides a shared driveway, covered courtyard, laundry facility, landscaped grassy area, and 24 hours security camera monitoring. Prime location! Conveniently situated near Beach Blvd and Garden Grove Blvd. Just minutes from Little Saigon and Koreatown. Easy access to major freeways, restaurants, churches, schools, Rodeo 39, Walmart, H-Mart, Home Depot, Costco and Costco Business.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 3,752 | 3,791.167 |
| Lot Size | 9,583 | 8,960.833 |
| Price | $1.80M | $1.66M |
| Price per sq ft | $479 | $453 |
| Built year | 1975 | 1959 |
| HOA | $0 | $0 |
| Days on market | 25 | 63 |
Sep 30, 2026
$1,799,000
Initial Listing
Oct 28, 2021
$1,590,000
Public Record
Jul 12, 2005
$908,000
Public Record
Sep 27, 1996
$250,000
Public Record