This is an amazing opportunity to own a very unique property with a great upside potential. This property is perfect for an investor looking for a solid positive return , a business owner that needs parking for vehicles as well as rental income or a owner that would live in one home and rent out the rest. This property features three detached homes as well as a three car garage. The property break down is as follows Zoning : Garden Grove Boulevard Mixed Use (GGMU) : 12892 Louise St - 2 bedrooms, office, 2 bath built in 1937 : 12902 Louise - 3 bedrooms , 2 baths built in 1950 : 12888 Louise - 3 bedrooms , 2 baths built in 1950 : Garage consisting of 3 separate stalls built 1988. The lot is over 16000 sf and can accommodate an estimated 28 cars for parking. Each home has been meticulously maintained by the same family for generations. The city of Garden Grove is currently implementing a street expansion and sidewalk installation project on the subject street. The pro forma Cap Rate for the property including possible garage rental and other income stands at 5.66 %. This is an amazing opportunity that will not last.
Sold for $1,825,000
Listed by: GMT Real Estate • Jennifer Tackney • Contact: 714-894-5185
Bought with: Superior Real Estate Group
$1,825,000
12892 Louise St, Garden Grove, CA 92841
8beds
6baths
2,700sqft
Triplex
Built in 1937
-- sqft lot
$1,945,500 Zestimate®
$676/sqft
$3,002 Estimated rent
Home value
$1,945,500
$1.73M - $2.20M
$3,002/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jennifer Tackney DRE #01373608 714-801-9882,
GMT Real Estate,
Geoffrey Tackney DRE #01390210 714-894-5185,
GMT Real Estate
Bought with:
Thomas Dao, DRE #00958467
Superior Real Estate Group
Source: CRMLS,MLS#: PW23111842
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Rooms
- Room types: Bedroom, Office
Bedroom
- Features: All Bedrooms Down
Heating
- Ductless, Heat Pump
Cooling
- Ductless, Heat Pump
Appliances
- Included: Gas Oven, Gas Range
- Laundry: Inside, Laundry Room
Features
- All Bedrooms Down
- Flooring: Laminate, Tile
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Parking
- Total spaces: 15
- Parking features: Driveway, Garage, Gated
- Garage spaces: 3
- Uncovered spaces: 12
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Wood
Lot
- Size: 0.38 Acres
- Features: Front Yard, Street Level
Details
- Parcel number: 13347213
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Gutter(s), Street Lights, Sidewalks
Location
- Region: Garden Grove
Financial & listing details
- Price per square foot: $676/sqft
- Tax assessed value: $1,861,500
- Annual tax amount: $22,730
- Date on market: 6/30/2023
- Cumulative days on market: 112 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 84000
- Tenant pays: Electricity, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/16/2023 | Sold | $1,825,000-8.2%$676/sqft |
Source:  CRMLS #PW23111842 Report a problem | ||
| 10/20/2023 | Pending sale | $1,988,800$737/sqft |
Source: CRMLS #PW23111842 Report a problem | ||
| 6/30/2023 | Listed for sale | $1,988,800$737/sqft |
Source: CRMLS #PW23111842 Report a problem | ||
| 5/6/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/29/2022 | Listed for rent | $2,400$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,730 +1.9% | $1,861,500 +2% |
| 2024 | $22,298 +574.5% | $1,825,000 +757.7% |
| 2023 | $3,306 +2.3% | $212,768 +2% |
| 2022 | $3,231 +1.1% | $208,597 +2% |
| 2021 | $3,196 +1.3% | $204,507 +1% |
| 2020 | $3,155 | $202,411 +2% |
| 2019 | $3,155 +1.6% | $198,443 +2% |
| 2018 | $3,105 +3.3% | $194,552 +2% |
| 2017 | $3,007 | $190,738 +2% |
| 2016 | $3,007 +4.4% | $186,999 +1.5% |
| 2015 | $2,880 +45.8% | $184,191 +66.1% |
| 2014 | $1,975 | $110,899 +0.5% |
| 2013 | -- | $110,398 +2% |
| 2012 | -- | $108,234 +2% |
| 2011 | -- | $106,112 +0.8% |
| 2010 | -- | $105,319 -0.2% |
| 2009 | -- | $105,570 +2% |
| 2008 | -- | $103,500 +2% |
| 2007 | -- | $101,471 +2% |
| 2006 | -- | $99,482 +2% |
| 2005 | -- | $97,532 +2% |
| 2004 | -- | $95,620 +1.9% |
| 2003 | -- | $93,868 +2% |
| 2002 | -- | $92,028 +2% |
| 2001 | $1,767 +2.7% | $90,224 +2% |
| 2000 | $1,721 | $88,455 |
Find assessor info on the county website
Neighborhood: 92841
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Nearby schools
GreatSchools rating
- 8/10Stanford Elementary SchoolGrades: K-6Distance: 0.4 mi
- 6/10Alamitos Intermediate SchoolGrades: 7-8Distance: 0.6 mi
- 7/10Rancho Alamitos High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$1,945,500
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Estimated market value
$1,945,500
- California
- Orange County
- Garden Grove
- 92841
- 12892 Louise St
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