$2,408,000
$2,499,500
3.7%For more information regarding the value of a property, please contact us for a free consultation.
12581 Kensington LN Garden Grove, CA 92840
9,583 Sqft Lot
Key Details
Sold Price $2,408,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision ,Kensington Lane
MLS Listing ID NP24026154
Year Built 1960
Lot Size 9,583 Sqft
Property Description
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.
Location
State CA
County Orange
Area 66 - N Of Blsa, S Of Ggrv, E Of Brookhrst, W Of Ha
Interior
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Randall Mycorn • R L M Equities