14061 Parson Street, Garden Grove, California 92843, Garden Grove, 92843 - 0 bed, 0 bath
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Garden Grove, California 92843
This High-Yield Multi-Unit Residential Asset is listed at $1,480,000, representing a stable valuation aligned with its $1,473,805 Fair Market Value. The property features an Extensive Recent Renovation and is strategically configured into three distinct living units generating a combined $7,500 monthly income. Boasting a Condition Rating of 2, the interior includes quartz countertops, recessed lighting, and a private patio. Located within the Garden Grove Unified School District, this versatile property offers a rare blend of turnkey comfort and exceptional cash flow. It is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hacking strategy.
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 | 0 | 0 | 2,625 | $560 | - |
A 13312 Michael Rainford Sold | $1,365,000 | 4 | 3 | 2,619 | $521 | 0.2 mi |
B 13852 Merello Street Sold | $1,080,000 | 4 | 2 | 1,776 | $608 | 0.5 mi |
C 13352 Nina Place Sold | $1,325,000 | 4 | 2 | 2,149 | $617 | 0.6 mi |
D 11222 Anabel Avenue Active | $1,449,000 List Price | 6 | 5 | 2,200 | $659 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation to create three distinct living units. The interiors feature modern finishes including updated kitchens with stainless steel appliances, contemporary cabinetry, and quartz countertops. Bathrooms have been fully modernized with new tiling and fixtures. The flooring is updated throughout, and the presence of recessed lighting and clean paint indicates a high-quality, move-in-ready condition consistent with a full recent overhaul within the last five years.
The property is strategically divided into three distinct living areas with a combined potential monthly income of $7,500, offering a high-yield opportunity for savvy investors.
With five full bathrooms serving six bedrooms, the layout provides superior privacy and convenience, making it highly attractive for multi-tenant occupancy or large families.
The 2,625-square-foot floor plan supports multiple configurations, including house hacking, multi-generational living, or a traditional triple-stream rental portfolio.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2625, other record living area = 1412.
Built in 1956, the property may require significant capital expenditure for updates to major systems such as plumbing, electrical, and roofing to maintain modern standards.
The 'added on' third unit requires thorough due diligence to verify legal permitting and compliance with local zoning ordinances, which could impact financing or future resale value.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.5 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 2,625 | 1,432 | 97% |
| Lot Size | 7,707 | 7,200 | 81% |
| Price | $1.48M | $1.03M | 97% |
| Price per sq ft | $564 | $665 | 22% |
| Built year | 1956 | 1959 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 157 | 3% |
Mar 12, 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