Listing Agent: Joseph Lee      Broker/Office: Nexteam Real Estate
Unit 4 12292 Ranchero Avenue Garden Grove CA 92843
$ 1,950,000
  8   |    5 Full  3 Half   |    4492 Sq Feet

Listing ID

#PW26011626

Status

Active

Property Type

Quadruplex

County

Orange

Neighborhood

Other

Year Built

1963

Days on website

2

Description
Great Investment Opportunity! This corner lot 4 unit property is located in the highly sought-after city of Garden Grove, offering a rare chance to own a one of a kind income producing property in a prime location. The property boasts amazing curb appeal and features an attached 4 car garage with additional space to build extra outdoor parking, already approved by the city. The property consists of a mix of unit types. One of the units is a single level 2 bedroom, 2 bath with its own private patio. Inside, you'll find a spacious open floor plan, including a cozy living room with a fireplace. The kitchen is nicely sized with quartz countertops, a breakfast counter, and a dining area that opens to the yard. One of the bedrooms has an attached bath, while the secondary bedroom is conveniently located near a full hallway bath. The other three units are two story and each offers 2 bedrooms and 1.5 baths, along with a private patio. The main level of each features an open floor plan with a spacious living room that leads to the private patio, a breakfast nook, and a kitchen with quartz countertops and a half bath. Upstairs, there are two generously sized bedrooms with ample closet space, and a fully remodeled hallway bath. At the rear of the property, you'll find four garage spaces, one for each unit, along with a community laundry room that provides an opportunity for extra income. This property presents a true gem and exceptional investment opportunity - live in one unit and rent out the others for maximum rental income. With current rents below market value, there's significant upside potential. Additional bonus features include fully renovated units with new kitchen countertops, fresh laminate flooring in most areas, and updated plumbing. The property also offers new exterior paint, a new roof in most areas, dual pane windows and sliding doors, a new wood fence, and a new water heater. Centrally located near shopping, parks, grocery stores, dining, entertainment, schools, and with easy access to the 22/5/57 freeways, this property is ideally situated. Don’t miss out on this once in a lifetime opportunity, this property won’t last long!
Location
Financial Information
List Price:  $ 1950000
Property Features
Fencing:  Wood
Flooring:  Laminate, Tile
High School District:  Garden Grove Unified
Levels:  Two
Parking Features:  Garage
Roof:  Shingle
Senior Community YN:  false
Structure Type:  Quadruplex
Water Source:  Public
High School District:  Garden Grove Unified
Senior Community YN:  false
MLS Area Major:  64 - Garden Grove E of Euclid, W of Harbor
City:  Garden Grove
Listed By:   Joseph Lee   Nexteam Real Estate 
Co-listed by
Christine Kim  
CA Lic#