12922 Shackelford, Garden Grove, California 92841, Garden Grove, 92841 - 0 bed, 0 bath
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12922 Shackelford
Garden Grove, California 92841
ACTIVE
CONDITION: FAIR
0Beds
0Baths
7,530Sq Ft
15,682Lot Size
Property Price
LIST PRICE$3,400,000
EST. MARKET VALUE
$3,402,218
SUMMARY
This 12-unit portfolio presents a High-Potential Investment Opportunity with a List Price of $3,400,000—positioned well below the $3,402,218 Fair Market Value by 0.06%. Featuring a Condition Rating of 4, the asset offers significant value-add potential through modernization of vintage systems. Key highlights include individually metered utilities, abundant parking, and a 12-unit mixed-use structure. This stable, income-generating asset is ideal for Buy-and-Hold Investors or Portfolio Managers seeking to capture rent upside in a high-density market.
Estimated Market Value
$3,402,218
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 |
|---|---|---|---|---|---|---|
★ 12922 Shackelford Subject 0 bd · 0 ba · 7,530 sqft · $452 | $3,400,000* List Price | 0 | 0 | 7,530 | $452 | - |
A 12221 Peacock Court Active Under Contract 0 bd · 0 ba · 6,018 sqft · $492 · 0.9 mi | $2,960,000 List Price | 0 | 0 | 6,018 | $492 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1958, this 66-year-old property is well-maintained with recent exterior paint, new outdoor stairs, and upgraded circuit breakers. However, the presence of older aluminum windows and wall AC units, combined with a lack of evidence regarding recent kitchen or bathroom renovations, places it in the dated category requiring future modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High-Yield Portfolio Structure
This 12-unit investment package features individually metered gas and electricity for all units, significantly reducing owner utility expenses and enhancing net operating income.
- Exceptional Parking Capacity
The property offers a rare and abundant parking ratio with four 2-car garages plus 12 surface spaces, providing a major competitive advantage in the high-density Garden Grove rental market.
- Recent Capital Improvements
The asset demonstrates pride of ownership with significant recent upgrades, including newly painted exteriors, brand-new outdoor stairs, and updated circuit breakers, reducing immediate deferred maintenance costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15682, other record lot size in square feet = 8013. Living area discrepancy between mls listing and other public or private record. mls listing living area = 7530, other record living area = 3765.
- Vintage Building Systems
Built in 1958, the property may require higher long-term reserves for aging infrastructure and systems typical of mid-century construction that have not been fully modernized.
- Realization of Rent Upside
The presence of long-term 'value' tenants suggests that current rents are likely below market rate, requiring a strategic management transition to capture the projected upside potential.
About 12922 Shackelford
Don’t miss this rare, exceptional investment opportunity in a highly desirable location! 12922 & 12932 Shackleford Lane are two adjacent 6-unit income properties being offered together as a package deal for $3,400,000 ($1,700,000 per property). This well-maintained 12-unit portfolio features a highly desirable unit mix: each building offers one 2-bedroom/1-bathroom unit and five 1-bedroom/1-bathroom units. The properties boast excellent curb appeal with newly painted exteriors and brand-new outdoor stairs. Inside, all units have been upgraded with new circuit breakers, and each unit is individually metered for both gas and electricity to keep owner expenses low. Parking is abundant with four 2-car garages and 12 additional surface parking spaces. Additional highlights include an on-site, coin-operated laundry facility generating extra monthly income, and reliable, long-term value tenants currently in place. Conveniently located just minutes from local schools, supermarkets, and everyday amenities, this property offers significant upside rent potential and future development growth. A true pride-of-ownership asset for the savvy investor!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1958
- Lot Size
- 15,682 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 | 7,530 | 6,018 |
| Lot Size | 15,682 | 11,326 |
| Price | $3.40M | $2.85M |
| Price per sq ft | $452 | $473 |
| Built year | 1958 | 1961 |
| HOA | $0 | $0 |
| Days on market | 41 | 112 |
Pricing History
Listed for Sale
Sep 14, 2026
$3,400,000
Initial Listing
Sold
Jun 27, 2002
$1,200,000
Public Record