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$1,390,000
12972 Bolivar Circle, Garden Grove, California 92843
7Beds
4Baths
2,500Sqft
7,600Lot

Price Vs. Estimate

The estimated value ($1,379,368.92) is $10,631.08 (0%) lower than the list price ($1,390,000). This property may be overpriced.

Key pros and cons

Top Pros:
Dual Income Potential: The property features two detached homes, providing immediate rental income from both units.
Top Cons:
Price Reduction: The property has experienced a recent price reduction, which may indicate challenges in the current market.

Compared to the nearby listings

Price:$1.39M vs avg $994.0K (+$396,000)98%
Size:2,500 sqft vs avg 1,315 sqft95%
Price/sqft:$556 vs avg $70717%

More Insights

Built in 2024 (1 years old).
Condition: The property features a brand new ADU built in 2024 with modern finishes, including sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, and recessed lighting. The main house has been recently remodeled with a new roof in 2024. Both units have central A/C. While the main house is remodeled, it is not as extensively renovated as the ADU, placing the overall condition in the 'good' category.
Year Built
2024
Close
-
List price
$1.39M
Original List price
$1.45M
Price/Sqft
$556
HOA
-
Days on market
-
Sold On
-
MLS number
OC25118669
Home ConditionGood
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), Central A/C, and an attached 2-car garage for extra convenience. Currently rented for $3,600/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
Good

The property features a brand new ADU built in 2024 with modern finishes, including sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, and recessed lighting. The main house has been recently remodeled with a new roof in 2024. Both units have central A/C. While the main house is remodeled, it is not as extensively renovated as the ADU, placing the overall condition in the 'good' category.
Pros & Cons

Pros

Dual Income Potential: The property features two detached homes, providing immediate rental income from both units.
New ADU: The brand new 4 bed, 2 bath ADU (built in 2024) offers modern amenities and is highly desirable to renters.
Corner Lot: Situated on a spacious corner lot, the property offers enhanced privacy and curb appeal.
Separate Utilities: Each unit has separate gas and electric meters, simplifying utility management and tenant responsibility.
Recent Upgrades: The main house features a new roof (2024) and remodeled interiors, reducing immediate maintenance concerns.

Cons

Price Reduction: The property has experienced a recent price reduction, which may indicate challenges in the current market.
HOA Fees: The listing does not mention HOA fees, which could be a hidden cost for potential buyers.
Lot Size: While the lot is a corner lot, the lot size is 7600 sqft, which may be smaller than other comparable properties.

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