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$ 3,295,000
Est. payment /mo
Active Under Contract
12571 Kensington Lane Garden Grove, CA 92840
3 Beds
2 Baths
6,882 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID OC26020095
Bedrooms 3
Lot Size 6,882 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
$600K Price Reduction, 6.0% Day One Cap Rate & current 12.4 GRM. 12571, 12575 & 12577 Kensington Lane are ten turnkey apartment units located in Garden Grove, California. Located near multiple retail and recreation options. 100% pride of ownership with over $750,000 in capital improvements completed in 2025. Freshly painted & new stucco. New electrical panels and wiring. Tastefully and exquisitely interior renovations. Walk score of 65 & strategically located just north of the 22 freeway between the 405 & 5 freeways. Two newly constructed 2-bedroom ADU's (2025). New exterior painting on existing 8-unit building, including concrete and stucco repairs. New landscaping and irrigation. Upgraded tandem parking in rear of building with new parking striping (16 total spaces). New cluster mailbox center. Upgraded property lighting with energy-efficient LED fixtures. Full remodeled kitchens in all units. All new stainless-steel appliances, new white shaker cabinetry throughout, premium quartz countertops. New sinks, faucets, and modern plumbing fixtures. New luxury vinyl plank flooring throughout (LVP). Fresh interior paint throughout all units & new trim and baseboards. New lighting and fans throughout & mini split systems installed in each unit. Stacked private washer/dryer units installed in each unit with upgraded plumbing lines (supply and/or drain).
Location
State CA
County Orange
Zoning Assessor
Direction North of 22 Fwy, East of Brookhurst
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 08906307
Acceptable Financing Cash
Listing Terms Cash
Listed by Jonathan Mitchell, DRE#01227852 Kidder Mathews of California, Inc
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