12922 Shackelford Ln, Garden Grove, California 92841, Garden Grove, - bed, bath
ACTIVE$1,700,000
12922 Shackelford Ln, Garden Grove, California 92841
0Bed
0Bath
3,765Sqft
8,013Lot
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.88M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24231999
Home ConditionFair
Features
View-
About this home
The two adjacent properties 12922 and 12932 Shackleford Lane are to be sold together. Each property has 6 Units : 1 unit with (2 Beds and 1 Bath), 5 units with (1 Bed and 1 Bath). Outdoor exteriors are newly painted. New outdoor stairs, All new indoor circuit breakers. All units are individually metered for Electricity and Gas. Four two-car Garages and 10 parking Spaces. Great long term value Tenants and upside rent potential for future development and growth. On-stie Coined Washer and Dryer machines for extra income. Close to School, supermarket and much more.. Don’t miss out this good investment opportunity in a desirable location .
Condition Rating
Fair
The property was built in 1958. The description mentions newly painted exteriors and new circuit breakers, but the images show window AC units, suggesting the cooling systems are outdated. The overall appearance suggests the property has been maintained but is aged and likely requires updates to the kitchens and bathrooms. The lack of interior photos makes it difficult to assess the interior condition fully, but based on the exterior and age, 'Fair' is the most appropriate rating.
Pros & Cons
Pros
Income Potential: Two adjacent properties being sold together, each with 6 units, offering a strong income stream.
Upside Rent Potential: Significant upside rent potential suggests opportunities for increased revenue and property value.
Individually Metered Units: All units are individually metered for electricity and gas, simplifying utility management and tenant billing.
Recent Improvements: Newly painted outdoor exteriors, new outdoor stairs, and new indoor circuit breakers enhance the property's appeal and safety.
Desirable Location: Close proximity to schools and supermarkets adds to the convenience and desirability for tenants.
Cons
Year Built: Built in 1958, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: While there are recent improvements, the age of the building may mean that there are other renovations that need to be done.
Original List Price Reduction: The property's price has been reduced from its original list price, which may indicate challenges in the market or perceived value.