12071 Laguna, Garden Grove, California 92840, Garden Grove, - bed, bath

home-pic
ACTIVE$1,679,999
12071 Laguna, Garden Grove, California 92840
0Bed
0Bath
4,014Sqft
7,841Lot
Year Built
1964
Close
-
List price
$1.68M
Original List price
$1.68M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25237209
Home ConditionFair
Features
Patio
View-

About this home

Well-maintained property being offered as a great investment property with minimal maintenance and rents that offer a generous monthly income with solid cash flow. This 4-unit property is centrally located with 1 three-bedroom unit with two baths, 1 two-bedroom unit with two baths, 1 two-bedroom unit with one bath, and 1 one-bedroom unit with one bath. Three of the units have long-term tenants, with tenures of 7 and 8 years, with one new tenant at the beginning of this year. All units are up to date with current rent values. Laundry facility on property – currently not offered with a washer and dryer at this time. All units have their own gas and electric meters, and each unit features a range, dishwasher, and garbage disposal. There are 6 assigned garages with parking available on the garage driveway. One unit features two private patios, while two units have balconies. This property is located near shopping & entertainment at the Outlets of Orange, public transportation on Chapman Avenue & restaurants on Chapman and at the Outlets of Orange. UCI Medical Center is also nearby. Units in this area have a low vacancy rate

Price History

Date
Event
Price
10/10/25
Listing
$1,679,999
Condition Rating
Fair

Built in 1964, this property shows signs of being well-maintained but features dated interiors. The kitchens and bathrooms, while functional and clean, exhibit styles and fixtures (e.g., older white and wood-tone cabinets, laminate countertops, dated light panels, older appliances, tiled and carpeted floors) that suggest renovations were done approximately 15-30 years ago. The property is livable and appears to have regular upkeep, but significant aesthetic updates would be required to meet current standards.
Pros & Cons

Pros

Strong Investment & Cash Flow: The property is explicitly marketed as a 'great investment property' offering 'generous monthly income with solid cash flow,' indicating a robust financial performance.
Stable Tenancy & Low Vacancy: With three long-term tenants (7 and 8 years) and a new tenant, coupled with a 'low vacancy rate' in the area, the property demonstrates reliable and consistent rental income.
Desirable Unit Mix & Individual Utilities: The diverse unit configuration (1, 2, and 3 bedrooms) appeals to a broad tenant base, and individual gas and electric meters for each unit reduce landlord utility expenses.
Prime Central Location: Centrally located near shopping, entertainment (Outlets of Orange), public transportation, restaurants, and UCI Medical Center, enhancing tenant demand and property value.
Ample Parking & Tenant Amenities: The property offers 6 assigned garages with additional driveway parking, a significant advantage for a multi-unit property, along with private patios and balconies for some units.

Cons

Age of Property: Built in 1964, the property is 60 years old. While described as 'well-maintained,' older properties often require significant capital expenditures for major system upgrades (e.g., plumbing, electrical, roof) in the future.
Unfurnished Laundry Facility: Although a laundry facility is on-site, it 'currently not offered with a washer and dryer,' meaning the new owner would need to invest in appliances or tenants would need to provide their own.
Lack of Specific HVAC Information: The property description does not specify the presence or type of cooling system, which could be a drawback for tenants during warmer months and a potential upgrade cost for a new owner.

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