12892 12892 Adelle, Garden Grove, California 92841, Garden Grove, - bed, bath
ACTIVE$1,500,000
12892 12892 Adelle, Garden Grove, California 92841
0Bed
0Bath
3,123Sqft
9,214Lot
Year Built
1956
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25227505
Home ConditionPoor
Features
View-
About this home
Great Income Producing Investment Opportunity! Garden Grove Triplex - (3) 2 Bedroom/1 Bathroom units. 3,123 Sqft Structure, 9,214 Sqft Lot. 6 Open Parking Spaces, 2 Single Car Garage. Separate Addresses, As Well As Separate Electric, Gas & Water Meters. Centrally Located In The Heart of Garden Grove, Near Freeways, Schools & Shopping. A $5552 Rental Income A Month, With Very Low Expenses. Please Do Not Disturb Tenants.
Price History
Date
Event
Price
10/09/25
Listing
$1,500,000
Condition Rating
Poor
Built in 1956, this property shows significant signs of age and neglect. The kitchen features extremely dated white cabinets, worn laminate countertops, an old freestanding range, and a basic sink, all in poor condition. The bathroom is equally outdated with an old vanity, basic fixtures, and worn surfaces. Throughout the visible areas, the white ceramic tile flooring is heavily stained and the grout is dirty. The overall impression is one of heavy use with minimal to no significant renovations in many decades, requiring substantial rehabilitation to meet modern living standards.
Pros & Cons
Pros
Strong Income Potential: The property is explicitly marketed as a 'Great Income Producing Investment Opportunity!' with a stated monthly rental income of $5,552 and 'Very Low Expenses', offering immediate cash flow.
Multi-Unit Configuration: As a triplex with three separate 2-bedroom/1-bathroom units, it provides diversified rental income streams and appeals to a broad tenant base, reducing vacancy risk.
Independent Utilities: Each unit benefits from separate electric, gas, and water meters, simplifying tenant billing and significantly reducing the landlord's utility management burden and costs.
Ample Parking: The property offers substantial parking with 6 open spaces and 2 single-car garages, a valuable amenity for a multi-unit property in a dense urban area.
Prime Central Location: Centrally located in Garden Grove, it provides convenient access to freeways, schools, and shopping, enhancing tenant desirability and potential for consistent occupancy.
Cons
Property Age: Built in 1956, the property is nearly 70 years old, suggesting potential for aging infrastructure, systems (plumbing, electrical, HVAC), and the need for significant capital expenditures in the near future.
Limited Access for Due Diligence: The 'Please Do Not Disturb Tenants' clause restricts access for thorough inspections and showings, which can make comprehensive due diligence challenging for potential buyers.
Potential for Dated Interiors/Systems: Without mention of recent renovations, the 1956 build year implies units may have dated interiors and systems, potentially requiring significant updates to maximize rental value or attract premium tenants.