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
7,841Lot
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
PW25253318
Home ConditionFair
Features
View-
About this home
We found 4 Cons,5 Pros.
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.
Price History
Date
Event
Price
11/11/25
Listing
$1,700,000
06/27/02
Sold
$1,200,000
Condition Rating
Fair
The property was built in 1958, making it over 60 years old. While the listing notes recent exterior painting, new outdoor stairs, and new indoor circuit breakers, there are no interior images or descriptions of the units' conditions, particularly kitchens and bathrooms. The property analysis explicitly mentions 'Unspecified Interior Condition' and the need for 'future capital expenditure to modernize and optimize rents.' This strongly suggests that the interiors, including kitchens and bathrooms, are likely original or have very outdated renovations, requiring significant updates to meet current standards. The recent exterior and electrical updates prevent a 'Poor' score, but the unknown and likely outdated interiors place it firmly in the 'Fair' category, indicating it requires minor to substantial updates or repairs inside.
Pros & Cons
Pros
Significant Investment Opportunity: The sale includes two adjacent multi-unit properties (totaling 12 units across both, 6 units for this specific property), offering substantial rental income and long-term value appreciation in a desirable location.
Recent Capital Improvements: Key updates such as newly painted exteriors, new outdoor stairs, and upgraded indoor circuit breakers reduce immediate maintenance liabilities.
Individual Utility Metering: All units are individually metered for electricity and gas, effectively transferring utility costs to tenants and improving net operating income.
Additional Revenue Streams: On-site coined washer and dryer machines provide a supplementary income source, enhancing the property's overall profitability.
Ample Parking Facilities: The property benefits from four two-car garages and 10 additional parking spaces (likely combined for both properties), a significant amenity for tenants.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7997.
Property Age: Constructed in 1958, the property's age suggests potential for deferred maintenance or outdated infrastructure beyond the recently mentioned upgrades.
Limited Unit Mix: The majority of units are 1-bedroom, which may restrict the target tenant demographic and potentially limit higher rental income compared to properties with larger unit configurations.
Unspecified Interior Condition: While exterior and electrical updates are noted, the description lacks details on interior unit renovations, indicating potential future capital expenditure required to modernize and optimize rents.