Sold for $2,408,000

Listed by: R L M Equities • Randall Mycorn • Contact: 949-573-5309

Bought with: R L M Equities

$2,408,000

12581 Kensington Ln, Garden Grove, CA 92840

8beds

8baths

5,120sqft

Mixed Use

Built in 1960

-- sqft lot

$-- Zestimate^®

$470/sqft

$3,258 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,258/mo

Zestimate^® history

Owner options

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$3,258/mo

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$3,258/mo

Rent Zestimate^®

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$15,074/mo

Est. payment

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$15,074/mo

Est. payment

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What's special

HIGHEST CAP RATE IN GARDEN GROVE! Property in excellent condition, lot has space for 1 ADU unit, 2:1 parking ratio! One Bedroom units on the same block are currently renting for $2100! 4 of 8 units are fully renovated in turnkey condition, the remain 4 units underwent minor renovations in 2023. 3 of 8 tenants are section 8 housing, other 5 tenants are on year leases! Units include: tile or vinyl flooring, dual pane windows, new appliances, new fixtures and outlets, brand new electric subpanels, wall heaters, re-glazed bathtubs, new cabinets and countertops, large walk-in closets. 5 of 8 tenants have RUBs in contract.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,120
Total interior livable area: 5,120 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 9,583 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 08906308
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Suburban
Subdivision: ,Kensington Lane

Location

Region: Garden Grove

Financial & listing details

Price per square foot: $470/sqft
Date on market: 2/5/2024
Cumulative days on market: 21 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
4/29/2024	Sold	$2,408,000+23.5%$470/sqft
Source: CRMLS #NP24026154 Report a problem
2/27/2023	Pending sale	$1,950,000$381/sqft
Source: CRMLS #PW23029453 Report a problem
2/21/2023	Listed for sale	$1,950,000$381/sqft
Source: CRMLS #PW23029453 Report a problem