14112 Buena Street, Garden Grove, California 92843, Garden Grove, 92843 - bed, bath
ACTIVE$1,799,000
14112 Buena Street, Garden Grove, California 92843
0Bed
0Bath
3,706Sqft
10,271Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Reliable Cash Flow & Occupancy: The property is fully tenant-occupied, including long-term and Section 8 tenants, with all rents paid on time, ensuring consistent and reliable income for an investor.
Top Cons:
Absence of Air Conditioning: None of the units are equipped with air conditioning, which could be a significant drawback for tenants during warmer months and potentially limit rental income or tenant retention.
Compared to the nearby listings
Price:$1.80M vs avg $1.79M (+$4,000)67%
Size:3,706 sqft vs avg 3,706 sqft50%
Price/sqft:$485 vs avg $45667%
More Insights
Built in 1961 (64 years old).
Condition: The property, built in 1961, presents a mixed condition. While three of the four units have been updated within the past year with newer interiors, modern cabinets, and laminate flooring, one unit remains in its original, outdated condition (as evidenced by the bathroom in Image 5). A significant drawback for all units is the complete absence of air conditioning, which is a major functional deficiency for a property of this age in California. The exterior appears maintained but not modern. The recent updates to 75% of the units are a strong positive, but the overall age of the building, the need for substantial upgrades in Unit 1, and the lack of a crucial modern amenity like AC for all units prevent it from achieving a 'Good' rating. It is aged but maintained, with major components functional but showing signs of being outdated or missing.
Year Built
1961
Close
-
List price
$1.8M
Original List price
$2M
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
OC25084365
Home ConditionFair
Features
Patio
View-
About this home
Excellent investment opportunity! This spacious quadruplex features four 2-story units, each offering 2 bedrooms and 1.5 bathrooms, central heating, private patios, and laminate flooring throughout. Units 2, 3, and 4 have been updated within the past year with newer interiors and modern cabinets, while Unit 1 remains in original condition—offering potential for added value with future upgrades. None of the units have A/C, but all are well-maintained. The property is fully tenant-occupied, including long-term and Section 8 tenants. All rents paid on time. Tenants cover their own electricity and gas. Additional features include: 1. Coin-operated community laundry. 2. Three assigned parking spaces per unit, plus two guest spots. Convenient access to 22, 5, and 57 freeways. Close proximity to Santa Ana College and Costco. Don’t miss this turnkey investment with reliable cash flow and room to increase value!
Condition Rating
Fair
The property, built in 1961, presents a mixed condition. While three of the four units have been updated within the past year with newer interiors, modern cabinets, and laminate flooring, one unit remains in its original, outdated condition (as evidenced by the bathroom in Image 5). A significant drawback for all units is the complete absence of air conditioning, which is a major functional deficiency for a property of this age in California. The exterior appears maintained but not modern. The recent updates to 75% of the units are a strong positive, but the overall age of the building, the need for substantial upgrades in Unit 1, and the lack of a crucial modern amenity like AC for all units prevent it from achieving a 'Good' rating. It is aged but maintained, with major components functional but showing signs of being outdated or missing.
Pros & Cons
Pros
Reliable Cash Flow & Occupancy: The property is fully tenant-occupied, including long-term and Section 8 tenants, with all rents paid on time, ensuring consistent and reliable income for an investor.
Value-Add Potential: Unit 1 remains in original condition, presenting a clear opportunity for future upgrades to increase its rental value and overall property appreciation, complementing the three already updated units.
Tenant-Friendly Features & Cost Efficiency: Each unit offers desirable features like 2-story layouts, 2 beds/1.5 baths, private patios, central heating, and laminate flooring. Tenants covering their own electricity and gas also reduces landlord operating expenses.
Ample Parking & On-Site Laundry: The provision of three assigned parking spaces per unit plus two guest spots, along with coin-operated community laundry, significantly enhances tenant convenience and provides an additional income stream.
Strategic Location & Accessibility: Convenient access to major freeways (22, 5, 57) and close proximity to Santa Ana College and Costco make the location highly attractive to renters, supporting strong occupancy rates.
Cons
Absence of Air Conditioning: None of the units are equipped with air conditioning, which could be a significant drawback for tenants during warmer months and potentially limit rental income or tenant retention.
Property Age & Potential Maintenance: Built in 1961, the property's age, despite recent unit updates, may indicate older underlying infrastructure that could lead to higher long-term maintenance and repair costs for systems like plumbing or electrical.
Immediate Capital for Unit 1 Upgrade: The original condition of Unit 1 necessitates immediate capital expenditure for renovation to bring it up to par with the other updated units, impacting initial cash flow and requiring upfront investment.