13282 Fletcher Street, Garden Grove, California 92844, Garden Grove, 92844 - 0 bed, 0 bath
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13282 Fletcher Street
Garden Grove, California 92844
ACTIVE
CONDITION: POOR
0Beds
0Baths
4,152Sq Ft
8,276.4Lot Size
Property Price
LIST PRICE$1,795,000
EST. MARKET VALUE
$1,851,511
3% BelowMARKET VALUE
SUMMARY
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,795,000—positioned well below the $1,851,511 Fair Market Value by 3%. This valuation gap offers $56,511 in Instant Equity for buyers. With a Condition Rating of 5, the property requires interior modernization to reach its full rental potential. Featuring a desirable unit mix of three 2-bedroom and one 3-bedroom units, this is a value-add asset ideal for Buy-and-Hold Investors or experienced developers seeking to optimize cash flow in a central Garden Grove location.
Estimated Market Value
$1,851,511+$56,511 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Garden Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13282 Fletcher Street Subject | $1,795,000* List Price | 0 | 0 | 4,152 | $446 | - |
A 13272 Fletcher Street Active | $1,795,000 List Price | 0 | 0 | 4,152 | $432 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1964, this 60-year-old quadruplex is explicitly marketed as a 'value-add opportunity' requiring full interior modernization. The description indicates that kitchens, bathrooms, flooring, and fixtures need replacement, and the age of the structure without significant recent renovations necessitates a full rehab to achieve market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Optimal Unit Mix
The property features a highly desirable configuration of three 2-bedroom units and one 3-bedroom unit, catering to the high demand for family-sized rentals in the Garden Grove market.
- Strategic Central Location
Situated with excellent proximity to major employment hubs, Disneyland, Little Saigon, and the SR-22 freeway, ensuring a consistent pool of potential tenants and long-term desirability.
- Significant Value-Add Potential
The property presents a clear opportunity for forced appreciation and rental growth through interior modernization, including updated kitchens, bathrooms, and contemporary finishes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8109.
- Immediate Capital Requirement
The property is positioned as a renovation project, meaning investors will need to budget for significant upfront costs to modernize interiors and optimize rental income.
- Vintage Infrastructure
Built in 1964, the property may require ongoing maintenance or upgrades to aging systems such as plumbing and electrical, which is common for buildings of this era.
About 13282 Fletcher Street
13282 Fletcher Street is a four-unit multifamily investment property located in Garden Grove, California. The property features a desirable unit mix consisting of three two-bedroom units and one three-bedroom unit, providing broad appeal within the local rental market. Situated in a central Garden Grove location, the property offers convenient access to shopping, dining, entertainment, and major employment centers throughout Orange County. Nearby destinations include Garden Grove Boulevard, Historic Main Street, the GARDEN AMP, Disneyland, the Anaheim Convention Center, Little Saigon, Bella Terra, and The Outlets at Orange. Convenient access to State Route 22 also provides connectivity throughout Orange County and the greater Southern California region. The property presents a compelling value-add opportunity with potential upside through interior renovations, modernization, and rental optimization. Potential improvements may include updated kitchens and bathrooms, quartz countertops, shaker-style cabinetry, modern appliances, recessed lighting, luxury vinyl plank flooring, and contemporary fixtures and finishes. With its desirable unit mix, established Garden Grove location, and renovation potential, 13282 Fletcher Street offers an opportunity to increase rental income, improve cash flow, and enhance long-term asset value.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 8,276.4 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,152 | 4,225.5 |
| Lot Size | 8,276.4 | 10,118.5 |
| Price | $1.79M | $1.54M |
| Price per sq ft | $432 | $476 |
| Built year | 1964 | 1962 |
| HOA | $0 | $0 |
| Days on market | 8 | 83 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,795,000
Initial Listing