
Garden Grove, California 92844
This Garden Grove Fourplex represents a Prime Investment Opportunity, listed at a List Price of $1,842,643—positioned well below the $1,886,354 Fair Market Value by 2%. This valuation gap offers $43,711 in Instant Equity. With a Condition Rating of 2, the property features a fully remodeled vacant unit and significant capital improvements, including a 2021 roof. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income or a flexible living arrangement in a high-demand location.
Property is new construction or fully renovated.
The property underwent significant recent renovations including a new roof (2021), updated electrical systems, new water heater, and new exterior paint/driveway (2026). Unit C is fully remodeled with a modern kitchen, quartz countertops, and luxury vinyl flooring, meeting the criteria for mint condition with no immediate maintenance required.
The property features extensive recent upgrades including a new roof (2021), updated electrical systems, a new driveway, and fresh exterior paint, significantly reducing immediate deferred maintenance costs.
Unit C is fully remodeled and currently vacant, providing an owner-occupant or investor the immediate opportunity to capture market-rate rents or move in without additional renovation time.
The combination of private outdoor spaces for every unit (yards or balconies), dedicated garage parking, and an on-site laundry room makes this fourplex highly competitive for long-term tenant retention.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9583, other record lot size in square feet = 9379.
While one unit is turnkey, the other three occupied units likely require future capital expenditures to bring them up to the same modern standard as the remodeled unit.
The property offers no views and is situated in a high-density residential area, which may limit its appeal to buyers seeking aesthetic or premium environmental factors.
Exceptional Garden Grove fourplex situated on an expansive 9,583-square-foot lot, offering extensive recent improvements, spacious apartments, and a beautifully remodeled vacant unit. Built in 1978, this approximately 4,120-square-foot property features one 3-bedroom, 2-bath apartment and three 2-bedroom, 1-bath apartments, with each unit getting a one car garage + driveway parking and an on-site laundry room. The generous lot, attractive landscaping, freshly painted exterior, and new driveway create inviting curb appeal and a spacious setting. Significant improvements include a new roof in 2021, plus a new hot water heater, updated electrical systems for all four units, a new driveway, an automated sprinkler system, and exterior building paint in 2026. Upstairs Unit C has been completely remodeled with a new kitchen, bathrooms, flooring, and interior paint. Its bright, welcoming interior showcases white kitchen cabinetry, light-colored quartz countertops, recessed lighting, wood laminate luxury vinyl flooring, and stylish bathrooms with an illuminated mirrors. An expansive private balcony with newly waterproofed surfaces provides ample space for outdoor relaxation and entertaining. Both ground floor units have private back yards. Both upstair units have private balconies. Currently vacant, Unit C offers flexibility for an owner-occupant or an investor seeking to select a new tenant. Enjoy a convenient location near the vibrant shopping, dining, and cultural destinations of Little Saigon, including Asian Garden Mall, also known as Phuoc Loc Tho. Nearby Bolsa Avenue and Brookhurst Street offer an outstanding selection of Vietnamese restaurants, cafés, bakeries, specialty markets, and everyday services. Schools, Garden Grove Park, Mile Square Regional Park, and easy access to the 22 Freeway further enhance the location. With three occupied apartments, a freshly remodeled vacant unit, substantial building improvements, and a generous 9,583-square-foot lot, this property presents a compelling opportunity to establish or expand any Orange County real estate portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 4,120 | 3,791.167 |
| Lot Size | 9,583 | 8,960.833 |
| Price | $1.84M | $1.66M |
| Price per sq ft | $447 | $453 |
| Built year | 1978 | 1959 |
| HOA | $0 | $0 |
| Days on market | 17 | 63 |
Oct 8, 2026
$1,842,643
Initial Listing