12932 Shackelford Ln, Garden Grove, California 92841, Garden Grove, 92841 - bed, bath
ACTIVE$1,700,000
12932 Shackelford Ln, Garden Grove, California 92841
0Bed
0Bath
3,765Sqft
7,997.18Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Investment Opportunity: The sale includes two adjacent multi-unit properties (12 units total across both parcels), offering substantial scale for an investor and potential for future development and growth.
Top Cons:
Age of Property: Built in 1958, the property is over 60 years old, which may imply potential for older infrastructure (e.g., plumbing, HVAC, roofing) that could require significant future capital expenditures beyond the noted recent upgrades.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1958 (67 years old).
Condition: Built in 1958, the property's interiors, particularly the kitchens and bathrooms, are significantly outdated as confirmed by the images. They feature older cabinets, laminate countertops, dated appliances, and linoleum/vinyl flooring, indicating they have not been extensively renovated in 30-50+ years. While the exterior has been newly painted, outdoor stairs are new, and indoor circuit breakers have been updated, these improvements do not address the substantial rehabilitation required for the interior living spaces. The property is functional and currently rented, but the kitchens and bathrooms require full remodels to meet modern standards and maximize rental potential, aligning with the 'Poor' category's need for substantial rehabilitation.
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.88M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
PW24232029
Home ConditionPoor
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
Poor
Built in 1958, the property's interiors, particularly the kitchens and bathrooms, are significantly outdated as confirmed by the images. They feature older cabinets, laminate countertops, dated appliances, and linoleum/vinyl flooring, indicating they have not been extensively renovated in 30-50+ years. While the exterior has been newly painted, outdoor stairs are new, and indoor circuit breakers have been updated, these improvements do not address the substantial rehabilitation required for the interior living spaces. The property is functional and currently rented, but the kitchens and bathrooms require full remodels to meet modern standards and maximize rental potential, aligning with the 'Poor' category's need for substantial rehabilitation.
Pros & Cons
Pros
Significant Investment Opportunity: The sale includes two adjacent multi-unit properties (12 units total across both parcels), offering substantial scale for an investor and potential for future development and growth.
Strong Income & Growth Potential: Features include stable long-term tenants, individual metering for utilities (reducing landlord costs), on-site coined laundry for additional income, and identified upside rent potential.
Recent Exterior & Electrical Upgrades: Newly painted exteriors, new outdoor stairs, and new indoor circuit breakers have been completed, reducing immediate capital expenditure for a new owner.
Ample Parking Facilities: The property provides four two-car garages and 10 additional parking spaces, a valuable amenity for tenants in a multi-unit setting.
Desirable Location: Situated in a desirable Garden Grove location, close to schools, supermarkets, and other essential amenities, enhancing tenant appeal and property value.
Cons
Age of Property: Built in 1958, the property is over 60 years old, which may imply potential for older infrastructure (e.g., plumbing, HVAC, roofing) that could require significant future capital expenditures beyond the noted recent upgrades.
Predominantly Smaller Units: The unit mix consists mainly of 1-bedroom units (5 out of 6 per property), which might limit the tenant demographic or rent ceiling compared to properties offering a higher proportion of larger units.
Potential for Interior Unit Updates: While exterior and electrical systems have seen upgrades, the description does not specify recent interior renovations for the individual units, suggesting that unit interiors may be dated and require updating to maximize rental income.