9522 Washington, Garden Grove, California 92844, Garden Grove, 92844 - 0 bed, 0 bath
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Garden Grove, California 92844
This 4-plex represents a High-Potential Investment Opportunity, listed at a List Price of $1,500,000—positioned above the $1,393,127 Fair Market Value. While the property requires a full rehab due to its Fair Condition Rating, the Diverse Unit Mix and Gated Security provide a strong foundation for rental income. The asset offers significant value-add potential through modernization of aging infrastructure. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on high market velocity in Garden Grove.
Property is extensive renovation needed.
Built in 1961 (60+ years old) with no mention of renovations. The exterior shows significant deferred maintenance, including dead landscaping and aged stucco. Given the age and lack of updates, the property likely requires a full rehab of kitchens, bathrooms, and core systems to meet modern safety and functional standards.
The property features a versatile configuration of 3BR, 2BR, and 1BR units, allowing the owner to attract a wide range of tenant profiles and maximize rental income streams.
Achieving 'Active Under Contract' status within just two days on the market indicates exceptionally high demand and strong investment appeal for this Garden Grove location.
The presence of a gated yard provides an added layer of privacy and security for tenants, which is a significant value-add for multi-family residential properties.
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 = 7200.
Constructed in 1961, the property likely requires ongoing maintenance or capital improvements to modernize major systems and remain competitive with newer builds.
The three-bedroom unit is serviced by only a single bathroom, which may be a deterrent for larger families and could limit the unit's premium rental potential.
4-plex, 2 story. 3BR,1BA upstairs, two 2BR,1BA and 1BR,1BA downstairs. Gated yard.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,349 | 4,301 | 33% |
| Lot Size | 7,405 | 8,276 | 33% |
| Price | $1.50M | $1.79M | 33% |
| Price per sq ft | $448 | $448 | 50% |
| Built year | 1961 | 1963 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 101 | 33% |
Jun 1, 2026
$1,500,000
Initial Listing