12922 Shackelford Ln, Garden Grove, California 92841, Garden Grove, 92841 - bed, bath
ACTIVE$1,700,000
12922 Shackelford Ln, Garden Grove, California 92841
0Bed
0Bath
3,765Sqft
8,013Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Investment Opportunity: The sale includes two adjacent multi-unit properties, totaling 12 rental units (2x 2B/1B, 10x 1B/1B), offering substantial scale and a robust income-generating asset for investors.
Top Cons:
Property Age: Built in 1958, the properties are over 60 years old, which may imply potential for future maintenance or system replacements (e.g., plumbing, roofing, HVAC) not explicitly covered by the recent updates.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1958 (67 years old).
Condition: The property, built in 1958, has received recent exterior updates (paint, stairs) and crucial electrical upgrades (new circuit breakers). However, the interior images consistently reveal dated kitchens and bathrooms with older cabinets, laminate countertops, and older appliances. Flooring appears to be a mix of worn carpet and linoleum/vinyl. While functional and maintained, the living spaces show clear signs of being outdated, likely from renovations 20-30+ years ago or original with minimal updates. It requires significant aesthetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.88M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
PW24231999
Home ConditionFair
Features
View-
About this home
The two adjacent properties 12922 and 12932 Shackleford Lane are to be sold together. Each property has 6 Units : 1 unit with (2 Beds and 1 Bath), 5 units with (1 Bed and 1 Bath). Outdoor exteriors are newly painted. New outdoor stairs, All new indoor circuit breakers. All units are individually metered for Electricity and Gas. Four two-car Garages and 10 parking Spaces. Great long term value Tenants and upside rent potential for future development and growth. On-stie Coined Washer and Dryer machines for extra income. Close to School, supermarket and much more.. Don’t miss out this good investment opportunity in a desirable location .
Condition Rating
Fair
The property, built in 1958, has received recent exterior updates (paint, stairs) and crucial electrical upgrades (new circuit breakers). However, the interior images consistently reveal dated kitchens and bathrooms with older cabinets, laminate countertops, and older appliances. Flooring appears to be a mix of worn carpet and linoleum/vinyl. While functional and maintained, the living spaces show clear signs of being outdated, likely from renovations 20-30+ years ago or original with minimal updates. It requires significant aesthetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Significant Investment Opportunity: The sale includes two adjacent multi-unit properties, totaling 12 rental units (2x 2B/1B, 10x 1B/1B), offering substantial scale and a robust income-generating asset for investors.
Strong Income Potential & Additional Revenue: The properties boast 'upside rent potential' and generate extra income from on-site coined washer and dryer machines, enhancing overall profitability.
Recent Capital Improvements: Key updates include newly painted outdoor exteriors, new outdoor stairs, and all new indoor circuit breakers, reducing immediate maintenance and capital expenditure concerns for a new owner.
Individual Utility Metering: All units are individually metered for electricity and gas, a significant advantage that shifts utility costs to tenants and simplifies property management expenses.
Ample Parking & Desirable Location: The properties offer generous parking with four two-car garages and 10 additional spaces, situated in a desirable Garden Grove location close to schools and supermarkets, appealing to tenants.
Cons
Property Age: Built in 1958, the properties are over 60 years old, which may imply potential for future maintenance or system replacements (e.g., plumbing, roofing, HVAC) not explicitly covered by the recent updates.
Combined Sale & High Entry Cost: The requirement to purchase both adjacent properties together significantly increases the total investment, potentially narrowing the buyer pool to larger investors or those with substantial capital.
Predominantly Smaller Units: The unit mix is heavily weighted towards 1-bedroom units (10 out of 12 total), which might limit the tenant demographic and potentially the maximum achievable rental income per unit compared to properties with more larger units.