12972 Bolivar Circle, Garden Grove, California 92843, Garden Grove, 92843 - 7 bed, 4 bath

12972 Bolivar Circle, Garden Grove, California 92843 home-pic-0
ACTIVE$1,448,000
12972 Bolivar Circle, Garden Grove, California 92843
7Beds
4Baths
2,500Sqft
7,600Lot

Price Vs. Estimate

The estimated value ($1,448,000) is $0 (0%) lower than the list price ($1,448,000). This property may be overpriced.

Key pros and cons

Top Pros:
Dual-Unit Income Potential: This property features two detached single-family homes with separate entrances, driveways, and garages, offering significant combined market rental income of $7,600/month or flexible multi-generational living.
Top Cons:
High Entry Price Point: The list price of $1,448,000 represents a substantial initial investment, which may limit the pool of potential buyers to those with significant capital or specific investment strategies.

Compared to the nearby listings

Price:$1.45M vs avg $994.0K (+$454,000)98%
Size:2,500 sqft vs avg 1,315 sqft95%
Price/sqft:$579 vs avg $70721%

More Insights

Built in 2024 (1 years old).
Condition: This property features a brand new ADU built in 2024 with modern finishes, including sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, recessed lighting, central A/C, and paid-off solar. The main house has also been recently remodeled with a new roof (2024), indicating extensive and very recent updates. Both units are in virtually new condition, meeting current quality standards with no deferred maintenance.
Year Built
2024
Close
-
List price
$1.45M
Original List price
$1.5M
Price/Sqft
$579
HOA
-
Days on market
-
Sold On
-
MLS number
OC25067827
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Don’t miss this incredible opportunity to own a highly desirable 2-UNIT property in the heart of Garden Grove! Situated on a spacious CORNER LOT, this unique investment offers maximum privacy and flexibility, making it perfect for both homeowners and investors alike. The property features two detached single-family homes, each with its own SEPERATE Entrance, Driveway, and Garage, ensuring convenience and comfort for both residents. Unit 1 - BRAND NEW ADU (Built in 2024): This stunning 4 BED, 2 BATH ADU offers approximately 1,200SF of modern living space. Featuring its own private entrance, the unit includes a 1-car garage with direct access and a spacious driveway that can accommodate up to 4 cars, ensuring ample parking for residents and guests. Highlights of this home include an open floor plan, sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, recessed lighting, walk-in closets, and washer/dryer hookups. PAID-OFF SOLAR. Central A/C ensures year-round comfort. Market Rent: $4,000/month. Unit 2 - REMODELED Main House: The charming main house features 3 BED, 2 BATH, and approximately 1,300SF of living space. This home has been recently remodeled with attention to detail and boasts its own private entrance, a NEW ROOF (2024), and an attached 2-car garage for extra convenience. Currently rented for $3,500/month (with market rent of $3,600/month), the main house provides both comfort and value. Both units have separate gas and electric meters, with tenants responsible for all utilities. Whether you're looking for an excellent investment property with steady rental income or a family home with rental potential, this property offers it all. Perfect for a 1031 exchange, homeowners, and investors alike. Don’t miss out on this profitable opportunity in the vibrant city of Garden Grove!

Condition Rating
Excellent

This property features a brand new ADU built in 2024 with modern finishes, including sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, recessed lighting, central A/C, and paid-off solar. The main house has also been recently remodeled with a new roof (2024), indicating extensive and very recent updates. Both units are in virtually new condition, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Dual-Unit Income Potential: This property features two detached single-family homes with separate entrances, driveways, and garages, offering significant combined market rental income of $7,600/month or flexible multi-generational living.
Brand New ADU with Modern Amenities: The Accessory Dwelling Unit (ADU) was built in 2024, offering 4 beds/2 baths with modern finishes, central A/C, and ample parking, appealing to high-quality tenants.
Paid-Off Solar System: The ADU benefits from a paid-off solar system, providing substantial utility cost savings for residents and enhancing the property's long-term value and attractiveness.
Recently Remodeled Main House & New Roof: The main house has been recently remodeled and features a brand new roof (2024), minimizing immediate maintenance concerns and offering updated living space.
Corner Lot with Ample Parking: Situated on a spacious corner lot, the property provides enhanced privacy and extensive parking options, including a 2-car garage for the main house and a 1-car garage plus a 4-car driveway for the ADU.

Cons

High Entry Price Point: The list price of $1,448,000 represents a substantial initial investment, which may limit the pool of potential buyers to those with significant capital or specific investment strategies.
Increased Management Overhead: Managing two separate rental units, even with independent utilities, inherently requires more landlord involvement and potential for tenant-related complexities compared to a single-unit property.
Age of Main Structure: While the main house has been remodeled and features a new roof, its original construction year (implied older than 2024) suggests that some underlying systems or components not part of the recent remodel may eventually require maintenance or upgrades.

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