13611 Glenhaven Drive, Garden Grove, California 92843, Garden Grove, 92843 - 8 bed, 5 bath

13611 Glenhaven Drive, Garden Grove, California 92843 home-pic-0
ACTIVE$1,559,000
13611 Glenhaven Drive, Garden Grove, California 92843
8Beds
5Baths
2,500Sqft
7,564Lot

Price Vs. Estimate

The estimated value ($1,560,090.83) is $1,090.83 (0%) lower than the list price ($1,559,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: The property generates a substantial total rental income of $8,600 per month, presenting a high-yield, turnkey investment opportunity.
Top Cons:
Above Market Estimation: The current listing price is approximately 12% higher than the property's estimated market value, potentially limiting buyer interest or requiring price adjustments.

Compared to the nearby listings

Price:$1.56M vs avg $994.0K (+$565,000)98%
Size:2,500 sqft vs avg 1,315 sqft95%
Price/sqft:$624 vs avg $70726%

More Insights

Built in 1952 (73 years old).
Condition: Despite being built in 1952, this property has undergone extensive and recent modern renovations, as evidenced by the description and images. The kitchens feature modern gray shaker cabinets, white quartz countertops, subway tile backsplashes, high-end stainless steel appliances, and recessed lighting. Wood-look flooring is present throughout. Each unit boasts central air conditioning and heating, indicating updated major systems. The overall aesthetic is contemporary and virtually new, meeting current quality standards with no visible deferred maintenance. This aligns perfectly with the 'extensively renovated within 5 years' criteria for an excellent score.
Year Built
1952
Close
-
List price
$1.56M
Original List price
$1.56M
Price/Sqft
$624
HOA
-
Days on market
-
Sold On
-
MLS number
PW25253347
Home ConditionExcellent
Features
Patio
View-

About this home

Located in a highly sought-after Garden Grove neighborhood, this exceptional triplex offers two detached single-family homes and a fully equipped studio unit, making it an ideal opportunity for both investors and owner-occupants. Whether you’re aiming to maximize rental income or prefer to live in one unit while renting out the others, this property offers outstanding flexibility and value. With a total rental income of $8,600 per month, it’s a turnkey investment opportunity—perfect for seasoned investors or those seeking a 1031 exchange. The first unit is a beautifully designed single-family home featuring three bedrooms and two bathrooms across approximately 1,200 square feet. With soaring nine-foot ceilings and premium finishes throughout, this unit is currently leased for $3,400 per month. The second unit, located at 13615 Glenhaven, is an attached ADU connected to a detached garage. It offers four (4) bedrooms and two bathrooms within a spacious 1,200-square-foot layout that includes a modern kitchen, living and dining areas, and a full laundry setup. This unit is currently rented for $3,800 per month. The third unit is a well-appointed studio with a full kitchen and bathroom, bringing in $1,400 per month. Each unit features central air conditioning and heating, open-concept floor plans, quartz countertops, modern cabinetry, high-end stainless-steel appliances, recessed lighting, and wood flooring. Additional comforts include walk-in closets and washer/dryer hookups in each residence. There is 2 gas meters, 2 electric meters and 1 water meter.

Price History

Date
Event
Price
02/23/24
Sold
$1,275,000
04/25/23
Sold
$695,000
Condition Rating
Excellent

Despite being built in 1952, this property has undergone extensive and recent modern renovations, as evidenced by the description and images. The kitchens feature modern gray shaker cabinets, white quartz countertops, subway tile backsplashes, high-end stainless steel appliances, and recessed lighting. Wood-look flooring is present throughout. Each unit boasts central air conditioning and heating, indicating updated major systems. The overall aesthetic is contemporary and virtually new, meeting current quality standards with no visible deferred maintenance. This aligns perfectly with the 'extensively renovated within 5 years' criteria for an excellent score.
Pros & Cons

Pros

Exceptional Income Potential: The property generates a substantial total rental income of $8,600 per month, presenting a high-yield, turnkey investment opportunity.
Versatile Multi-Unit Configuration: Comprising two detached single-family homes and a separate studio unit, this triplex offers diverse rental opportunities and flexibility for both investors and owner-occupants.
Extensive Modern Renovations: All units feature premium finishes, including central air conditioning and heating, quartz countertops, high-end appliances, wood flooring, and recessed lighting, appealing to quality tenants.
Desirable Location: Situated in a highly sought-after Garden Grove neighborhood, enhancing tenant demand and long-term property value.
Individual Unit Amenities: Each residence includes walk-in closets and in-unit washer/dryer hookups, adding significant tenant convenience and appeal.

Cons

Above Market Estimation: The current listing price is approximately 12% higher than the property's estimated market value, potentially limiting buyer interest or requiring price adjustments.
Shared Water Meter: With only one water meter for three units, managing and allocating water expenses among tenants could be a logistical challenge and a source of potential disputes.
Original Construction Age: Built in 1952, the property's underlying structure is older, which may entail higher long-term maintenance costs or potential for unforeseen issues despite recent renovations.

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