12972 Bolivar Circle, Garden Grove, California 92843, Garden Grove, - bed, bath

home-pic
ACTIVE$1,448,000
12972 Bolivar Circle, Garden Grove, California 92843
7Beds
4Baths
2,500Sqft
7,600Lot
Year Built
2024
Close
-
List price
$1.45M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25067827
Home ConditionGood
Features
Good View: Neighborhood
ViewNeighborhood

About this home

Don’t miss this incredible opportunity to own a highly desirable 2-UNIT property in the heart of Garden Grove! Situated on a spacious CORNER LOT, this unique investment offers maximum privacy and flexibility, making it perfect for both homeowners and investors alike. The property features two detached single-family homes, each with its own SEPERATE Entrance, Driveway, and Garage, ensuring convenience and comfort for both residents. Unit 1 - BRAND NEW ADU (Built in 2024): This stunning 4 BED, 2 BATH ADU offers approximately 1,200SF of modern living space. Featuring its own private entrance, the unit includes a 1-car garage with direct access and a spacious driveway that can accommodate up to 4 cars, ensuring ample parking for residents and guests. Highlights of this home include an open floor plan, sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, recessed lighting, walk-in closets, and washer/dryer hookups. PAID-OFF SOLAR. Central A/C ensures year-round comfort. Market Rent: $4,000/month. Unit 2 - REMODELED Main House: The charming main house features 3 BED, 2 BATH, and approximately 1,300SF of living space. This home has been recently remodeled with attention to detail and boasts its own private entrance, a NEW ROOF (2024), and an attached 2-car garage for extra convenience. Currently rented for $3,500/month (with market rent of $3,600/month), the main house provides both comfort and value. Both units have separate gas and electric meters, with tenants responsible for all utilities. Whether you're looking for an excellent investment property with steady rental income or a family home with rental potential, this property offers it all. Perfect for a 1031 exchange, homeowners, and investors alike. Don’t miss out on this profitable opportunity in the vibrant city of Garden Grove!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (42 Listings)
Beds74
95%
Baths42
88%
Square foot2,5001,467
95%
Lot Size7,6007,276
70%
Price$1.45M$1M
98%
Price per square foot$579$683
28%
Built year20241959
98%
HOA
Days on market221172
84%
Condition Rating
Good

The property features a newly built ADU (2024) with modern finishes, including sleek cabinetry, quartz countertops, premium appliances, vinyl flooring, and recessed lighting. The main house has been recently remodeled with a new roof (2024). While the images show some personal items and clutter, the overall condition of the kitchens and bathrooms appears to be well-maintained and updated, suggesting a 'good' condition rating.
Pros & Cons

Pros

Dual Income Potential: The property features two detached homes, a newly built ADU and a remodeled main house, providing significant rental income potential.
New Construction & Remodel: The ADU is brand new (built in 2024) and the main house has been recently remodeled, minimizing immediate maintenance concerns and appealing to modern tastes.
Separate Utilities: Each unit has separate gas and electric meters, simplifying utility management and tenant billing.
Ample Parking: The property offers ample parking with separate driveways and garages for each unit, accommodating multiple vehicles.
Corner Lot: Situated on a spacious corner lot, the property offers increased privacy and potentially more outdoor space.

Cons

Price Reduction: The property has experienced a price reduction, which may indicate challenges in attracting buyers at the original price point.
HOA: The property has no HOA, which may be a drawback for some buyers who prefer community amenities and services.
High Price: The list price of $1,448,000 is relatively high, which may limit the pool of potential buyers.

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