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12892 Louise Street
Garden Grove, CA 92841
Sold
12892 Louise Street
Garden Grove, CA 92841
Sold
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.
PROPERTY INFORMATION
| MLS # | PW23111842 | Lot Size | 16,553 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,988,800
Price Per SqFt: $ 737 |
DOM | 822 Days |
| Address | 12892 Louise Street | Type | Residential Income |
| City | Garden Grove | Sq.Ft. | 2,700 Sq. Ft. |
| Postal Code | 92841 | Garage | 3 |
| County | Orange | Year Built | 1937 |
| Bed / Bath | 8 / 0 | Parking | 15 |
| Built In | 1937 | Status | Closed |
| Sold Date | 2023-11-16 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Individual Room, Inside |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Oven, Gas Range |
| Has Heating | Yes |
| Heating Information | Ductless, Heat Pump |
| Room Information | All Bedrooms Down, Office |
| Has Cooling | Yes |
| Cooling Information | Ductless, Heat Pump |
| Flooring Information | Laminate, Tile |
| EntryLocation | Front |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Roof | Composition, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wood |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,121
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/16/2023 | Sold | $1,825,000 |
| 10/20/2023 | Pending | $1,988,800 |
| 06/22/2023 | Listed | $1,988,800 |
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Listing provided courtesy of Jennifer Tackney, GMT Real Estate. 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.
