14061 Parson Street, Garden Grove, California 92843, Garden Grove, 92843 - 6 bed, 5 bath
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Garden Grove, California 92843
This High-Potential Investment Opportunity is a Multi-Unit Residential Asset listed at $1,480,000. While priced slightly above the $1,392,254 Fair Market Value, the property offers a robust $7,500 monthly rental income across three distinct units. Featuring a Condition Rating of 2 with comprehensive high-end renovations, including solar and tankless water heaters, this home provides immediate operational efficiency. The versatile 6-bedroom, 5-bathroom layout is perfectly suited for Buy-and-Hold Investors or Owner-Occupants utilizing a house-hacking strategy to offset mortgage costs through rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14061 Parson Street Subject | $1,480,000* List Price | 6 | 5 | 2,625 | $530 | - |
A 11222 Anabel Avenue Sold | $1,200,000 | 6 | 5 | 2,200 | $545 | 0.3 mi |
B 10412 Jennrich Avenue Sold | $1,152,000 | 4 | 2 | 1,742 | $661 | 0.9 mi |
C 13852 Merello Street Sold | $1,080,000 | 4 | 2 | 1,776 | $608 | 0.8 mi |
D 13611 Glenhaven Drive Active | $1,728,000 List Price | 8 | 5 | 2,500 | $691 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1956, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features a modern kitchen with quartz countertops and stainless steel appliances, updated bathrooms with contemporary tile and glass enclosures, and new flooring throughout. Systems are upgraded as evidenced by the tankless water heater and solar panels.
The property generates a substantial monthly rental income of $7,500 across three distinct units, offering a high-yield opportunity for investors or house-hackers.
Featuring three separate living areas (3/2, 2/2, and 1/1), the layout provides incredible flexibility for multi-generational families or high-density rental strategies.
With five full bathrooms serving six bedrooms, the home ensures a high level of privacy and convenience for all occupants, which is a significant competitive advantage in the rental market.
Originally built in 1956, the property may require ongoing maintenance or costly updates to major systems to meet modern efficiency and safety standards.
The division of the 7,707 square foot lot into three separate units likely results in shared common areas and reduced private yard space, which may impact long-term tenant retention.
Welcome to an extraordinary investment opportunity nestled in the heart of Garden Grove! This spacious 6-bedroom, 5-bathroom home delivers the perfect blend of comfortable living and exceptional rental income potential. With 2,625 square feet of thoughtfully designed interior space, this property stands out as a rare find in today's competitive market. The generous layout offers incredible flexibility, whether you envision a house hacking strategy, lucrative rental arrangement, or versatile living configuration. Five full bathrooms ensure privacy and convenience for every occupant, making this home irresistibly appealing to all residents. Every corner of this residence has been crafted to maximize both functionality and comfort. Savvy investors will immediately recognize the numbers behind this property. The combination of square footage, bedroom count, and prime positioning creates a cash flow opportunity that is difficult to replicate at this price point. Whether you choose to rent individual rooms or lease the entire home, the income potential is truly outstanding. Unit 1: 1876 sqft, 3beds/2baths + patio, $3700/monthly income Unit 2: 749 sqft, 2 beds/2baths + 2 cars garage, $2750/monthly income Unit 3: Added on 1 bed 1 bath, $1050/monthly income Don't let this newly listed gem slip through your fingers.Call me today and discover the possibilities waiting inside!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,625 | 1,496.5 |
| Lot Size | 7,707 | 7,260.5 |
| Price | $1.48M | $1.07M |
| Price per sq ft | $564 | $717 |
| Built year | 1956 | 1956 |
| HOA | $0 | $98 |
| Days on market | 1 | 45 |
Jul 21, 2026
$1,480,000
Initial Listing
Jan 4, 2023
$965,000
Public Record
Aug 16, 2021
$700,000
Public Record
Jun 11, 2021
$510,000
Public Record