13161 Adland Street, Garden Grove, California 92843, Garden Grove, 92843 - bed, bath
ACTIVE$1,699,900
13161 Adland Street, Garden Grove, California 92843
0Bed
0Bath
3,582Sqft
8,712Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: The property is a fully rented quadruplex, providing immediate and stable cash flow for an investor from day one.
Top Cons:
Property Age: Built in 1962, the underlying infrastructure (e.g., plumbing, electrical, foundation) may be original and could require significant maintenance or upgrades in the future, despite recent cosmetic remodels.
Compared to the nearby listings
Price:$1.70M vs avg $1.70M (+$0)50%
Size:3,582 sqft vs avg 3,582 sqft50%
Price/sqft:$475 vs avg $45667%
More Insights
Built in 1962 (63 years old).
Condition: The property, built in 1962, has undergone recent and extensive renovations as stated in the description ('newly remodeled' and 'newly renovate units'). The interior images confirm this with fresh paint, new laminate wood flooring throughout, updated white kitchen cabinets, and a newer stainless steel gas range. Bathrooms feature updated vanities and appear clean. While the units are move-in ready and functional, the renovation is not high-end, evidenced by basic light fixtures (e.g., fluorescent box light in kitchen), basic countertops, and the presence of window air conditioning units instead of central HVAC. These factors prevent an 'Excellent' rating, but the significant recent updates and overall clean, functional state elevate it beyond 'Fair'.
Year Built
1962
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
OC25200567
Home ConditionGood
Features
View-
About this home
Fully rented and newly remodeled Four-flex in Garden Grove available for sale! Located on a cul de sac in a highly desirable area of Garden Grove, the property features four newly renovate units, each has two bed rooms, one bath. The rental market in this area is strong with limited supply while the demand to live near employment hub, great schools, shopping, entertainment, beach, easy access to everywhere in So Cal is always high. Nested among many single detached homes which already in the mid to high one million price ranges, this four units property is a great asset, whether for your investment portfolio or to live in one unit and rent out others. Please check out this property today and make it yours!
Condition Rating
Good
The property, built in 1962, has undergone recent and extensive renovations as stated in the description ('newly remodeled' and 'newly renovate units'). The interior images confirm this with fresh paint, new laminate wood flooring throughout, updated white kitchen cabinets, and a newer stainless steel gas range. Bathrooms feature updated vanities and appear clean. While the units are move-in ready and functional, the renovation is not high-end, evidenced by basic light fixtures (e.g., fluorescent box light in kitchen), basic countertops, and the presence of window air conditioning units instead of central HVAC. These factors prevent an 'Excellent' rating, but the significant recent updates and overall clean, functional state elevate it beyond 'Fair'.
Pros & Cons
Pros
Income-Generating Asset: The property is a fully rented quadruplex, providing immediate and stable cash flow for an investor from day one.
Recent Renovations: All four units have been newly renovated, minimizing immediate capital expenditure for a new owner and enhancing tenant appeal.
Prime Location: Situated on a cul-de-sac in a highly desirable area of Garden Grove, offering a quiet environment and strong neighborhood quality.
Strong Rental Market: The area boasts a strong rental market with limited supply and high demand, ensuring stable occupancy and potential for rental growth.
Investment Value & Appreciation: Nested among high-value single-detached homes, this multi-unit property presents a compelling value proposition and strong long-term appreciation potential.
Cons
Property Age: Built in 1962, the underlying infrastructure (e.g., plumbing, electrical, foundation) may be original and could require significant maintenance or upgrades in the future, despite recent cosmetic remodels.
Lack of Detailed Financials: The listing description does not provide specific details on current rental income per unit or comprehensive operating expenses, which are crucial for thorough investor due diligence.
Ongoing Landlord Responsibilities: As a fully rented property, the buyer will immediately assume landlord duties, including tenant management, maintenance requests, and lease administration, requiring active involvement or professional management.