$1,950,000
Est. $10,920/mo12292 Ranchero Avenue 4, Garden Grove, CA 92843
About this home
Great Investment Opportunity! This corner lot 4 unit property is located in the highly sought-after city of Garden Grove, offering a rare chance to own a one of a kind income producing property in a prime location. The property boasts amazing curb appeal and features an attached 4 car garage with additional space to build extra outdoor parking, already approved by the city. The property consists of a mix of unit types. One of the units is a single level 2 bedroom, 2 bath with its own private patio. Inside, you'll find a spacious open floor plan, including a cozy living room with a fireplace. The kitchen is nicely sized with quartz countertops, a breakfast counter, and a dining area that opens to the yard. One of the bedrooms has an attached bath, while the secondary bedroom is conveniently located near a full hallway bath. The other three units are two story and each offers 2 bedrooms and 1.5 baths, along with a private patio. The main level of each features an open floor plan with a spacious living room that leads to the private patio, a breakfast nook, and a kitchen with quartz countertops and a half bath. Upstairs, there are two generously sized bedrooms with ample closet space, and a fully remodeled hallway bath. At the rear of the property, you'll find four garage spaces, one for each unit, along with a community laundry room that provides an opportunity for extra income. This property presents a true gem and exceptional investment opportunity - live in one unit and rent out the others for maximum rental income. With current rents below market value, there's significant upside potential. Additional bonus features include fully renovated units with new kitchen countertops, fresh laminate flooring in most areas, and updated plumbing. The property also offers new exterior paint, a new roof in most areas, dual pane windows and sliding doors, a new wood fence, and a new water heater. Centrally located near shopping, parks, grocery stores, dining, entertainment, schools, and with easy access to the 22/5/57 freeways, this property is ideally situated. Don’t miss out on this once in a lifetime opportunity, this property won’t last long!
infoProperty Facts
Bedrooms
8
Bathrooms
8
Square Feet
4,492
Lot Size
9,148 sqft
Year Built
1963
Property Type
Quadruplex
Days on Market
20
HOA Fee
N/A
Garage Total
4
MLS #
PW26011626
chairInterior Details
General Interior
Interior Features
Quartz Counters
Flooring
Laminate, Tile
Fireplace
Living Room
Kitchen & Appliances
Laundry
Common Area
Bed & Bath
Main Level Bedrooms
2
Main Level Bathrooms
2
Climate Control
Cooling
Wall Window Units
Heating
Forced Air
garageParking
Total Parking Spaces
4
Garage Spaces
4
Parking Features
Garage
deckExterior & Lot
Building & Construction
Fencing
Excellent Condition, Wood
Security
Carbon Monoxide Detectors, Smoke Detectors
Roof
Shingle
Lot & Grounds
Lot Features
Back Yard, Corner Lot
Sewer
Public Sewer
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Street Lights
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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