12171 Adrian Street, Garden Grove, California 92840, Garden Grove, - bed, bath
ACTIVE UNDER CONTRACT$1,600,000
12171 Adrian Street, Garden Grove, California 92840
0Bed
0Bath
4,042Sqft
7,841Lot
Year Built
1963
Close
-
List price
$1.6M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25191028
Home ConditionFair
Features
View-
About this home
4-Plex For Sale in Garden Grove. Unit A and D have newer vinyl floors in 2023. Partial newer water pipe in 2017. Unit A Rent: $2100 Per Month. Unit B Rent: $2050 Per Month. Unit C (Housing) Rent: $1836 Per Month. Unit D Rent: $2550 Per Month.
Price History
Date
Event
Price
10/25/25
Price Change
$1,600,000-5.9%
08/24/25
Listing
$1,700,000
Condition Rating
Fair
Built in 1963, this 4-plex is over 60 years old. While some units received newer vinyl flooring in 2023 and partial plumbing updates in 2017, these are minor and partial renovations. The exterior images show an aged property with visible window AC units, indicating outdated cooling systems and a lack of central air. Without interior photos, it's highly probable that kitchens and bathrooms are original or were last renovated 15-30+ years ago, making them functionally adequate but aesthetically outdated. The property is maintained enough to be rented, but major systems and overall aesthetics are significantly dated, requiring substantial updates to meet modern standards.
Pros & Cons
Pros
Income-Generating Property: As a 4-Plex, this property offers significant rental income potential and diversification across multiple tenant units, making it an attractive investment.
Established Rental Income: All four units are currently rented, providing immediate and consistent cash flow for a new owner with a total monthly income of $8,536.
Recent Unit Upgrades: Units A and D feature newer vinyl flooring installed in 2023, indicating some level of ongoing maintenance and enhancing tenant appeal.
Price Reduction: The property has seen a $100,000 price reduction from its original list price, potentially offering a more attractive entry point and better value for investors.
Desirable Location: Located in Garden Grove, a well-established Southern California city, which typically benefits from strong rental demand and a stable market.
Cons
Partial System Upgrades: The description notes only 'partial newer water pipe in 2017,' suggesting that other plumbing sections may be older and could require future maintenance or replacement, leading to unexpected costs.
Older Construction: Built in 1963, the property is over 60 years old, which may imply potential for deferred maintenance or the need for updates to other major systems (e.g., electrical, HVAC, roof) not explicitly mentioned as upgraded.
Active Under Contract Status: While indicating buyer interest, the 'Active Under Contract' status means the property is not immediately available for new offers, potentially limiting opportunities for other interested parties unless the current deal falls through.