10422 Bonnie, Garden Grove, California 92843, Garden Grove, 92843 - 5 bed, 3 bath
ACTIVE$1,349,000
10422 Bonnie, Garden Grove, California 92843
5Beds
3Baths
2,031Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a well-maintained duplex with two separate units and individual entrances, offering a solid opportunity for both investors and owner-occupants to generate rental income.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6780. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2031, other record living area = 1113.
Compared to the nearby listings
Price:$1.35M vs avg $1.35M (+$0)50%
Size:2,031 sqft vs avg 2,992 sqft33%
Price/sqft:$664 vs avg $45667%
More Insights
Built in 1947 (78 years old).
Condition: The property was built in 1947, making it over 70 years old. While the description states it is 'well-maintained' and has 'functional floor plans,' there are no interior images to assess the condition, style, or features of the kitchen, bathrooms, appliances, flooring, or other critical interior elements. Given its age, it is highly probable that major components and aesthetics, particularly in the kitchen and bathrooms, are outdated and would require minor to moderate updates to meet modern standards. The exterior appears maintained, preventing a 'Poor' score, but the lack of evidence for recent extensive renovations and the significant age prevent it from being rated 'Good' or 'Excellent'.
Year Built
1947
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$664
HOA
-
Days on market
-
Sold On
-
MLS number
NP25277867
Home ConditionFair
Features
Deck
View-
About this home
Well-maintained duplex located in a desirable Garden Grove neighborhood. The property features two separate units with individual entrances and functional floor plans, offering a solid opportunity for both investors and owner-occupants. The property sits on a generous lot with driveway parking and outdoor space, providing long-term flexibility. Units are currently tenant-occupied with below-market rents, presenting clear upside potential for future rent growth. Separately metered utilities add to the asset’s operational efficiency. Conveniently located near major freeways, shopping, dining, and local amenities. A rare opportunity to acquire a stable duplex in a supply-constrained Orange County submarket.
Condition Rating
Fair
The property was built in 1947, making it over 70 years old. While the description states it is 'well-maintained' and has 'functional floor plans,' there are no interior images to assess the condition, style, or features of the kitchen, bathrooms, appliances, flooring, or other critical interior elements. Given its age, it is highly probable that major components and aesthetics, particularly in the kitchen and bathrooms, are outdated and would require minor to moderate updates to meet modern standards. The exterior appears maintained, preventing a 'Poor' score, but the lack of evidence for recent extensive renovations and the significant age prevent it from being rated 'Good' or 'Excellent'.
Pros & Cons
Pros
Income-Generating Duplex: The property is a well-maintained duplex with two separate units and individual entrances, offering a solid opportunity for both investors and owner-occupants to generate rental income.
Prime Orange County Location: Located in a desirable, supply-constrained Garden Grove neighborhood, providing convenient access to major freeways, shopping, dining, and local amenities.
Significant Rent Upside Potential: Units are currently tenant-occupied with below-market rents, presenting a clear opportunity for future rent growth and increased cash flow.
Operational Efficiency: Separately metered utilities for each unit simplify management and contribute to the asset’s operational efficiency.
Generous Lot & Parking: Sits on a substantial 6,970 sqft lot with ample driveway parking and outdoor space, offering long-term flexibility and potential.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6780. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2031, other record living area = 1113.
Property Age: Built in 1947, the property may require ongoing maintenance or updates to systems and aesthetics to meet modern standards and maximize rental value.
Current Below-Market Rents: While offering future upside, the immediate rental income is not optimized, requiring strategic tenant turnover to realize full market potential.
Tenant-Occupied Status: The presence of existing tenants may complicate immediate owner-occupancy plans, property showings, and the transition process for new ownership.