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!
Property Details
Price:
$1,999,000
MLS #:
PW25036773
Status:
Active
Baths:
0
Address:
12292 Ranchero Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
64gardengroveeofeuclidwofharbor
City:
Garden Grove
Listed Date:
Feb 19, 2025
State:
CA
ZIP:
92843
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1963
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
Living Room
Flooring
Laminate, Tile
Heating
Forced Air
Interior Features
Quartz Counters
Window Features
Double Pane Windows
Exterior
Community Features
Street Lights
Fencing
Excellent Condition, Wood
Garage Spaces
4.00
Lot Features
Back Yard, Corner Lot
Parking Features
Garage
Parking Spots
4.00
Pool Features
None
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address12292 Ranchero Avenue Garden Grove CA
- Area64 – Garden Grove E of Euclid, W of Harbor
- CityGarden Grove
- CountyOrange
- Zip Code92843
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12292 Ranchero Avenue
Garden Grove, CA
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