12541 West Street, Garden Grove, California 92840, Garden Grove, - bed, bath

home-pic
ACTIVE$1,175,000
12541 West Street, Garden Grove, California 92840
5Beds
4Baths
1,810Sqft
7,200Lot
Year Built
1957
Close
-
List price
$1.18M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25062826
Home ConditionGood
Features
Patio
View-

About this home

$25K PRICE REDUCTION. EXCEPTIONAL DUAL-INCOME INVESTMENT OPPORTUNITY: This property is currently priced $30K lower than its appraised value. Premium Location Near World-Class Entertainment Destinations. Capitalize on this rare dual-income investment property strategically positioned in the high-demand tourist corridor between Disneyland and Knott's Berry Farm—two of Southern California's most visited attractions generating consistent rental demand year-round. Main House - 3BR/2BA with 1,018 sq ft of thoughtfully renovated living space. Turn-Key Condition: Recently remodeled with modern finishes. Fully permitted and separate ADU Income Generator - Built in 2019 with its own assigned address. 2-bedroom, 2-bathroom layout spanning 792 square feet, complete with high ceilings, a full kitchen, and a family room. Independent Rental: Perfect for maximizing rental income with separate entrances. Investment Advantages: Dual Income Streams - Generate revenue from two separate residences on a single tax parcel. Appreciation Potential: Located in a stable market with strong fundamentals for long-term value growth. Versatile Strategy Options: Suitable for traditional rentals or a hybrid approach. Tourism-Driven Market: Benefit from proximity to major attractions that draw millions of visitors annually. Strategic Location: Tourism Hotspot - Minutes from Disneyland Resort and Knott's Berry Farm. Conveniently located near major highways, public transportation options, Costco, various supermarkets, and a diverse selection of restaurants. This property represents a compelling opportunity to acquire a cash-flowing asset in a prime location with multiple income strategies available to maximize your investment returns. Don't miss out on this rare find. Contact us today to receive a detailed financial analysis and schedule your private showing!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (77 Listings)
Beds53
88%
Baths42
88%
Square foot1,8101,582
64%
Lot Size7,2007,439
22%
Price$1.18M$1.04M
73%
Price per square foot$649$649
50%
Built year19579775978
68%
HOA
Days on market228151
88%
Condition Rating
Good

The property consists of a main house built in 1957 and an ADU built in 2019. The main house has been recently remodeled with modern finishes. The ADU is relatively new. The kitchens and bathrooms appear to be in good condition based on the images. While the main house is older, the recent remodel brings the overall condition to 'good'.
Pros & Cons

Pros

Dual Income Potential: The property features a main house and a fully permitted, separate ADU, providing two independent rental income streams.
Prime Location: Strategically located in a high-demand tourist area, close to Disneyland and Knott's Berry Farm, ensuring consistent rental demand.
Recently Remodeled: The main house is recently remodeled with modern finishes, offering a turn-key condition for immediate occupancy or rental.
Appraised Value: Priced below appraised value, presenting an immediate equity opportunity for the buyer.
Newer ADU: The ADU was built in 2019, offering modern amenities and construction standards.

Cons

Year Built: The main house was built in 1957, which may require future upgrades or maintenance compared to newer constructions.
Lot Size: The lot size is 7,200 sqft, which might be smaller compared to other properties in the area, potentially limiting expansion possibilities.
Original List Price: The property has experienced a price reduction, which could indicate challenges in attracting buyers at the original price point.

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