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12581 Kensington Lane
Garden Grove, CA 92840
Sold
12581 Kensington Lane
Garden Grove, CA 92840
Sold
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.
PROPERTY INFORMATION
| MLS # | NP24026154 | Lot Size | 9,583 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 2,499,500
Price Per SqFt: $ 488 |
DOM | 602 Days |
| Address | 12581 Kensington Lane | Type | Residential Income |
| City | Garden Grove | Sq.Ft. | 5,120 Sq. Ft. |
| Postal Code | 92840 | Garage | N/A |
| County | Orange | Year Built | 1960 |
| Bed / Bath | 2 / 0 | Parking | N/A |
| Built In | 1960 | Status | Closed |
| Sold Date | 2024-04-29 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,666
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/29/2024 | Sold | $2,408,000 |
| 04/18/2024 | Active Under Contract | $2,499,500 |
| 04/14/2024 | Pending | $2,499,500 |
| 02/05/2024 | Listed | $2,499,500 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Randall Mycorn, R L M Equities. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
