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12061 Faye, Garden Grove, California 92840, Garden Grove, 92840 - 4 bed, 2 bath

12061 Faye, Garden Grove, California 92840 home-pic-0
ACTIVE$1,100,000
12061 Faye, Garden Grove, California 92840
4Beds
2Baths
1,337Sqft
7,171Lot
Year Built
1954
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$823
HOA
-
Days on market
-
Sold On
-
MLS number
OC25267566
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.10M(59th), sqft - 1337(23th), beds - 4(63th), baths - 2(50th).

Discover an exceptional opportunity in a prime Garden Grove neighborhood with this captivating 4-bedroom, 2-bath home, perfectly tailored for first-time buyers or savvy investors. Boasting a great floor plan with wood flooring throughout, fresh paint inside and out, and dual-panel windows, this residence is move-in ready and filled with charm. The spacious kitchen features beautiful cabinets, granite countertops, 2 bathrooms are fully remodeled, while the unique addition of two bonus rooms and an extra bath offer an additional income for an investor. Situated on a large lot with potential to build an Accessory Dwelling Unit (ADU), the property also presents a long driveway capable of parking an RV or up to six cars, complemented by meticulously maintained front and backyard landscaping. Will not last long, make it yours today before it's gone!

Price History

Date
Event
Price
12/03/25
Listing
$1,100,000
09/01/20
Sold
$720,000
Condition Rating
Good
This property, built in 1954, has undergone significant and recent renovations, making it move-in ready. The kitchen features modern grey shaker cabinets, granite countertops, a stylish subway tile backsplash, and stainless steel appliances (range/hood). Both bathrooms are fully remodeled with contemporary finishes and fixtures. New LVP/laminate flooring is installed throughout, and the interior/exterior have fresh paint. Dual-panel windows are a valuable upgrade. While the core structure is older and the HVAC system is not mentioned (a potential weakness), the extensive cosmetic and functional updates in key areas like the kitchen and bathrooms, along with new flooring and windows, align well with the 'Good' condition criteria, indicating a well-maintained home with minimal wear and tear on updated components.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7171, living area = 1337.
Income Potential & Investor Appeal: The property features two bonus rooms and an extra bath, explicitly highlighted as offering additional income potential, making it highly attractive to investors.
ADU Development Potential: Situated on a large 7,171 sqft lot, there is significant potential to build an Accessory Dwelling Unit (ADU), which can enhance property value and generate further rental income.
Extensive Recent Upgrades: The home is move-in ready with fresh interior and exterior paint, dual-panel windows, wood flooring throughout, a spacious kitchen with granite countertops, and two fully remodeled bathrooms.
Ample Parking & RV Access: A long driveway provides substantial parking capacity, accommodating an RV or up to six cars, a valuable feature for many buyers.
Desirable Location: Located in a 'prime Garden Grove neighborhood,' suggesting good community amenities, schools, and overall desirability.

Cons

Age of Core Structure: Built in 1954, the property's underlying systems (e.g., plumbing, electrical, foundation) may still be original or require significant future investment, despite recent cosmetic updates.
Potential for Unpermitted Additions: The mention of 'two bonus rooms and an extra bath' for income without specifying if they are permitted or included in the official square footage could indicate unpermitted additions, posing potential legal or insurance risks.
No Mention of HVAC System: The description does not specify the presence of a central air conditioning or modern heating system, which could be a significant comfort and value concern, especially for an older home.

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