
Garden Grove, California 92844
This Prime Investment Opportunity is a well-maintained quadruplex listed at $1,850,000, positioned well below the $1,889,111 Fair Market Value by 2%. This valuation gap offers $39,111 in Instant Equity. Featuring a 2024 roof replacement and separate electrical metering, the property maintains a Condition Rating of 3. With long-term tenants and private garages, this asset provides immediate, stable cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a high-demand Garden Grove rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8561 Gloria Subject | $1,850,000* List Price | 0 | 0 | 4,140 | $456 | - |
A 13252 Newland Street A-d Pending | $2,088,800 List Price | 0 | 0 | 3,704 | $564 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1972, the property has undergone significant recent capital improvements including a new roof in 2024. Key systems such as water heaters and heaters have been replaced, and select units feature updated laminate flooring and appliances, meeting the criteria for a well-maintained, functional, and move-in ready investment property.
The property features a new roof installed in 2024 and select unit updates including laminate flooring and new appliances, significantly reducing immediate capital expenditure for a new owner.
Each unit is separately metered for electricity and includes its own private enclosed garage, which simplifies utility management and provides a highly sought-after amenity for tenants.
Located in a high-demand rental market near the 22 Freeway, H Mart, and Rodeo 39 Public Market, the property is positioned to maintain high occupancy rates and long-term appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7238.
Originally built in 1972, the property may require ongoing maintenance or future upgrades to aging plumbing and electrical systems not addressed by recent cosmetic updates.
The presence of long-term tenants often suggests that current rental rates may be below market value, potentially requiring a strategic transition to achieve maximum yield.
Prime Garden Grove Multi-Unit Investment Opportunity Excellent opportunity to acquire a well-maintained multi-unit income property in a desirable Garden Grove neighborhood. The property offers approximately 4,140 square feet of living space with a total of nine bedrooms, providing strong rental appeal and long-term investment potential. Recent capital improvements include a new roof completed in 2024. Select units have also been updated with laminate flooring, a new stove, water heater, and heater. Each unit is separately metered for electricity, helping simplify utility management. Every unit includes its own private enclosed single-car garage, plus an additional enclosed garage available for owner use. The property is currently occupied by long-term tenants, providing consistent and established rental income. Conveniently located near schools, shopping, dining, and everyday amenities, with easy access to the 22 Freeway. Nearby destinations include H Mart, Business Costco, and Rodeo 39 Public Market. A strong opportunity for investors seeking a well-maintained income-producing property in a high-demand Garden Grove rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,140 | 4,225.5 |
| Lot Size | 7,405 | 10,118.5 |
| Price | $1.85M | $1.54M |
| Price per sq ft | $447 | $476 |
| Built year | 1972 | 1962 |
| HOA | $0 | $0 |
| Days on market | 7 | 83 |
Sep 2, 2026
$1,850,000
Initial Listing
May 14, 2002
$520,000
Public Record
Apr 27, 2001
$395,000
Public Record
Oct 6, 1999
$349,000
Public Record