12832 Lorna Street,  Garden Grove CA, 92841 (Residential Income)

3,224 sqft
Status: Sold
MLS#: PW14262177
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Last Updated: 12/3/2016 9:30 PM
Description for 12832 Lorna Street Garden Grove, CA 92841
Rare investment property with 4 detached units on 10,830 square feet lot in quiet residential area. Each unit is 800-900 sq ft with 2 beds/1 bath, 1 car detached garage plus 1 additional parking space each. A 9th parking space is available and is currently rented at $25/month. Upgrades include vinyl fences in the front yard, new lawn sprinkler system on timer and bi-fold garage doors. All units have carpet, linoleum, custom wood linen and kitchen cabinets and bookcases. Each unit has a large fenced yard that is landscaped and maintained by the gardener. Two rear units include wall air conditioning units. Roofs on all 4 units and garages were redone about 10 years ago. Units are fully occupied and property has low turnover rate with only 5 turnovers in the last 10 years. Located in Garden Grove close to the 22 freeway and local schools. Total monthly gross = $5005 (Unit 1: $1395, Units 2-4: $1195 each, 1 Parking Spot: $25)
Price
Sold Price:
$1,100,000
Sold Date:09/17/2015
Orange
3,224 (approx)
PW14262177
Closed
Description
Rare investment property with 4 detached units on 10,830 square feet lot in quiet residential area. Each unit is 800-900 sq ft with 2 beds/1 bath, 1 car detached garage plus 1 additional parking space each. A 9th parking space is available and is currently rented at $25/month. Upgrades include vinyl fences in the front yard, new lawn sprinkler system on timer and bi-fold garage doors. All units have carpet, linoleum, custom wood linen and kitchen cabinets and bookcases. Each unit has a large fenced yard that is landscaped and maintained by the gardener. Two rear units include wall air conditioning units. Roofs on all 4 units and garages were redone about 10 years ago. Units are fully occupied and property has low turnover rate with only 5 turnovers in the last 10 years. Located in Garden Grove close to the 22 freeway and local schools. Total monthly gross = $5005 (Unit 1: $1395, Units 2-4: $1195 each, 1 Parking Spot: $25)
Listing Information
Property Type: Cluster, 1 Story
0.25 Acres 10,838 sq.ft. 3,224 (approx)
1964 Yes- 4 spaces
1
Public Water Service
Sewer at Street
4 Total
Neighborhood
Room Information
Living Room
First Floor Bedroom
Gas Dryer Hookup, Hookups in Garage
Interior Features
Garbage Disposal, Gas Range/Cooktop, Range Hood
Carpet and Other, Linoleum
Window/Wall Unit, Ceiling Fan(s)
Wall Unit
No Fireplace
Laminate Counter, Pantry, Window Blinds
Exterior / Lot Features
4 Garage Spaces, 9 Parking Spaces, Driveway
None
No Pool
Street Lights, Curbs Walk
Financial Considerations
13346108
$2,459
$60,060 Income ,$35,464Expense
Listing Price History

Garden Grove Real Estate

Garden Grove is located in California. Garden Grove, California 92841 has a population of 171,377.

The median household income in Garden Grove, California 92841 is $59,988. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Garden Grove 92841 is 35.4 years.

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Courtesy: Keller Williams Realty Elizabeth Do
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