12932 Shackelford Ln, Garden Grove, California 92841, Garden Grove, - bed, bath
ACTIVE$1,700,000
12932 Shackelford Ln, Garden Grove, California 92841
0Bed
0Bath
3,765Sqft
7,997.18Lot
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.88M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24232029
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 and the overall appearance suggests the property is aged and requires updates. The kitchens and bathrooms are not visible in the provided images, but given the age of the property, it's likely they are outdated and require renovation. Therefore, a 'Fair' rating is appropriate.
Pros & Cons
Pros
Investment Opportunity: The sale includes two adjacent properties, offering a combined 12 units for a significant investment opportunity.
Income Potential: Existing long-term tenants provide immediate income, with potential for increased rents in the future.
Individual Metering: All units are individually metered for electricity and gas, simplifying utility management and tenant billing.
Recent Upgrades: Newly painted exteriors, new outdoor stairs, and new indoor circuit breakers enhance the property's appeal and safety.
Parking Availability: Four two-car garages and 10 additional parking spaces provide ample parking for tenants.
Cons
Age of Property: Built in 1958, the property may require ongoing maintenance and potential upgrades due to its age.
Unit Mix: The unit mix is heavily weighted towards 1-bedroom units, which may limit appeal to certain tenant demographics.
Original List Price Reduction: The property has experienced a price reduction from its original list price, which may indicate market concerns or perceived value issues.