9022 Marlene Avenue, Garden Grove, California 92841, Garden Grove, 92841 - 6 bed, 4 bath
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Garden Grove, California 92841
This High-Potential Investment Opportunity features two detached homes on one lot, listed at $1,498,000. While priced above the $1,312,425 Fair Market Value, the property offers a turnkey Excellent Condition Rating due to 2024 renovations and a new ADU. With separate meters, fully paid solar, and RV parking, this asset is optimized for high rental yields. It serves as a stable, income-generating property for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through immediate, high-demand rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9022 Marlene Avenue Subject | $1,498,000* List Price | 6 | 4 | 2,106 | $623 | - |
A 9521 Skylark Boulevard Sold | $1,120,000 | 4 | 3 | 2,048 | $547 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property consists of a front home fully remodeled in 2024 and a brand-new 2024 ADU. Both units feature modern kitchens with quartz countertops, new appliances, updated flooring, and recessed lighting, meeting the criteria for a renovation less than 5 years old.
The property features two detached homes with separate meters for gas, electricity, and water, providing a turnkey opportunity for high rental yield or multi-generational living.
Includes a fully remodeled front home and a brand-new ADU with premium finishes, 9-foot ceilings, and fully paid solar panels, ensuring low maintenance and energy efficiency.
A vast driveway, finished garage, and dedicated RV parking offer rare and ample storage space for multiple tenants or large vehicle owners.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2106, other record living area = 1028. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
With two detached dwellings and extensive parking coverage on a 7,315 sqft lot, there is minimal private yard space available for traditional outdoor recreation.
The listing price sits at the high end for the neighborhood, which may challenge appraisal values and require a specific buyer looking for high-density utility.
TWO DETACHED HOMES ON ONE LOT — Excellent Investment Opportunity! Ideal for owner-occupants or investors: live in one home and rent the other, or maximize cash flow from both units. Each home has separate gas, electricity, and water meters. The property also features a vast driveway, a finished garage, and an additional one-car garage perfect for RV parking, storage, or shared use. The front home offers 4beds/2baths, 1358 sqft of living space. Totally remodeled in 2024, with a permitted master bedroom addition. Upgrades include double pane windows and sliding door, self-closing kitchen cabinets, quartz countertops, and a built-in air-fry slide-in gas range. Section-8 rent: approx. $4,500/month. The rear home is a newly built 2024 ADU with 748 sq ft, 2 bedrooms, and 2 bathrooms, plus fully paid solar. Features include 9-foot ceilings, recessed lighting, self-closing kitchen cabinets, quartz countertops, a slide-in gas range, and indoor laundry. Estimated Section-8 rent: approx. $3,000/month. Located in a friendly neighborhood near schools, restaurants, shopping centers, and Phuoc Loc Tho. Rare opportunity to own two beautiful homes with strong income potential! Special Notes: 1- Photos are from previous staging; homes are not currently staged. 2- Showings by appointment only due to tenant occupancy. 3- Property will be delivered vacant before closing. 4- Serious offers only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 2,106 | 1,500 | 86% |
| Lot Size | 7,315 | 8,148.5 | 36% |
| Price | $1.50M | $1.10M | 95% |
| Price per sq ft | $711 | $692 | 57% |
| Built year | 1955 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 148 | 5% |
May 11, 2026
$1,498,000
Initial Listing
Sep 13, 2024
$1,370,000
Public Record
Jul 15, 2020
$554,000
Public Record