12922 Shackelford Ln, Garden Grove, California 92841, Garden Grove, 92841 - bed, bath
ACTIVE$1,700,000
12922 Shackelford Ln, Garden Grove, California 92841
0Bed
0Bath
3,765Sqft
7,841Lot
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
PW25253317
Home ConditionFair
Features
View-
About this home
We found 4 Cons,5 Pros.
The two adjacent properties 12922 and 12932 Shackleford Lane need 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-site 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.
Price History
Date
Event
Price
11/11/25
Listing
$1,700,000
06/27/02
Sold
$1,200,000
Condition Rating
Fair
The property was built in 1958, making it over 60 years old. While the listing mentions recent updates such as newly painted exteriors, new outdoor stairs, and new indoor circuit breakers, these are primarily exterior and infrastructure improvements. There are no interior images provided, particularly of the kitchens and bathrooms, which are critical for assessing condition. The absence of these photos, combined with the property's age, strongly suggests that the interior units, including kitchens and bathrooms, are likely outdated and would require minor to moderate updates to meet current standards. Visible window AC units also indicate an older cooling system. The property is maintained but shows signs of age and likely outdated interior features.
Pros & Cons
Pros
Significant Investment Opportunity: The sale includes two adjacent multi-unit properties, totaling 12 units, offering substantial rental income potential and future development upside in a desirable location.
Individual Utility Metering: All units are individually metered for electricity and gas, which significantly reduces landlord operating expenses and simplifies tenant billing.
Recent Capital Improvements: The properties have benefited from newly painted exteriors, new outdoor stairs, and updated indoor circuit breakers, indicating proactive maintenance and reduced immediate capital expenditure for a buyer.
Additional Income Streams: On-site coined washer and dryer machines provide supplementary income, enhancing the overall profitability and cash flow of the investment.
Ample Parking & Garages: The properties offer four two-car garages and 10 additional parking spaces, providing significant convenience for tenants and a valuable amenity in multi-unit residential properties.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 8013.
Mandatory Joint Sale: The requirement to purchase both adjacent properties simultaneously significantly increases the entry price and limits the potential buyer pool, potentially affecting marketability.
Property Age: Built in 1958, the properties are over 60 years old, suggesting potential for unseen deferred maintenance or system upgrades beyond the recently mentioned cosmetic improvements.
Predominant 1-Bedroom Unit Mix: With 5 out of 6 units per property being 1-bedroom, the unit mix might limit the target tenant demographic and potentially cap rental income growth compared to properties with more diverse or larger units.