Garden Grove, CA 92843,12292 Ranchero AVE #4
Garden Grove, CA 92843,12292 Ranchero AVE #4
Garden Grove, CA 92843,12292 Ranchero AVE #4
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$1,950,000
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8 Beds
8 Baths
4,492 SqFt
New

12292 Ranchero AVE #4 Garden Grove, CA 92843

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Shauna Hernandez

Shauna Hernandez

+1(805) 668-4865

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,492 sqft

Price per Sqft $434

MLS Listing ID PW26011626

Bedrooms 8

Full Baths 5

Half Baths 3

HOA Y/N No

Year Built 1963

Lot Size 9,147 Sqft

Property Sub-Type Quadruplex

Property 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

State CA

County Orange

Area 64 - Garden Grove E Of Euclid, W Of Harbor

Rooms

Main Level Bedrooms 2

Interior

Interior Features Quartz Counters

Heating Forced Air

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Excellent Condition, Wood

Pool None

Community Features Street Lights

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Corner Lot

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Garden Grove Unified

Others

Senior Community No

Tax ID 10135201

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Joseph Lee Nexteam Real Estate 714-886-7571

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Shauna Hernandez

Shauna Hernandez

Agent | License ID: 02226599

+1(805) 668-4865

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12292 Ranchero AVE #4

 
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