11712 Stuart Drive, Garden Grove, California 92843, Garden Grove, - bed, bath

home-pic
ACTIVE$1,999,999
11712 Stuart Drive, Garden Grove, California 92843
0Bed
0Bath
4,742Sqft
10,019Lot
Year Built
1963
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25146357
Home ConditionFair
Features
View-

About this home

Investor’s Dream in the Heart of Garden Grove! A Rare Opportunity to Own a Well-Maintained Fourplex, with Each Unit Offering 3 Spacious Bedrooms and 2 Bathrooms, and Approximately 1,200 Sq. Ft. of Living Space. Each Unit is Separately Metered for Electricity and Gas, Providing Convenience and Cost Control for Both the Owner and Tenants. This Property Features 5 Garage Parking Spaces plus a Community Laundry Room. This Prime Central Location is Near the 22 Freeway, Schools, Churches, Restaurants, and Everyday Amenities. With No HOA Fees, this is an Ideal Buy-and-Hold Investment for Expanding an Investor's Portfolio or Securing a Reliable Income Stream for Years to Come. Don’t Miss Out on this Rare Multi-Family Gem in a High-Demand Rental Area!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot4,7424,338
50%
Lot Size10,01911,326
50%
Price$2M$1.9M
50%
Price per square foot$422$439
50%
Built year19639815989
50%
HOA
Days on market126140
50%
Condition Rating
Fair

The property was built in 1963. The images show that the bathrooms have been updated, but the style is dated. The kitchen is not visible in the images. Given the age and the partial updates, a 'Fair' condition score is appropriate.
Pros & Cons

Pros

High Rental Demand Area: Located in a high-demand rental area, ensuring consistent tenant occupancy and strong rental income potential.
Individual Metering: Each unit is separately metered for electricity and gas, simplifying utility management and cost allocation for both owner and tenants.
Spacious Units: Each unit features 3 bedrooms and 2 bathrooms with approximately 1,200 sq. ft. of living space, appealing to families and renters seeking ample space.
Prime Location: Conveniently located near the 22 Freeway, schools, churches, restaurants, and everyday amenities, enhancing tenant appeal and property value.
Parking Availability: Features 5 garage parking spaces plus a community laundry room, providing essential amenities for tenants.

Cons

Age of Property: Built in 1963, the property may require ongoing maintenance and potential upgrades to meet modern standards and tenant expectations.
Potential for Deferred Maintenance: As an older property, there may be deferred maintenance issues that require immediate attention and investment.
No HOA Fees Implies Full Responsibility: While no HOA fees are a benefit, the owner is fully responsible for all maintenance and upkeep of the entire property, which can be time-consuming and costly.

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