12571 Kensington Lane,Garden Grove, CA 92840
Garden Grove, CA 92840
Description
$600K Price Reduction, 6.0% Day One Cap Rate & current 12.4 GRM. 12571, 12575 & 12577 Kensington Lane are ten turnkey apartment units located in Garden Grove, California. Located near multiple retail and recreation options. 100% pride of ownership with over $750,000 in capital improvements completed in 2025. Freshly painted & new stucco. New electrical panels and wiring. Tastefully and exquisitely interior renovations. Walk score of 65 & strategically located just north of the 22 freeway between the 405 & 5 freeways. Two newly constructed 2-bedroom ADU's (2025). New exterior painting on existing 8-unit building, including concrete and stucco repairs. New landscaping and irrigation. Upgraded tandem parking in rear of building with new parking striping (16 total spaces). New cluster mailbox center. Upgraded property lighting with energy-efficient LED fixtures. Full remodeled kitchens in all units. All new stainless-steel appliances, new white shaker cabinetry throughout, premium quartz countertops. New sinks, faucets, and modern plumbing fixtures. New luxury vinyl plank flooring throughout (LVP). Fresh interior paint throughout all units & new trim and baseboards. New lighting and fans throughout & mini split systems installed in each unit. Stacked private washer/dryer units installed in each unit with upgraded plumbing lines (supply and/or drain).
Details
| MLS # | OC26020095 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | New Construction |
| Status | Pending |
| Year | 1960 |
| Days On Site | 242 |
| Listing Provided By | Kidder Mathews of California, Inc | Jonathan Mitchell |
Features
| SQ Feet | 6,492 |
|---|---|
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 3 |
| Acreage | 0.16 |
Interior
| Cooling | Dual |
|---|---|
| Heating | Energy Star Qualified Equipment |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Washer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Biking |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Garden Grove |
| Zip Code | 92840 |
| Area | 699 Not Defined |
| Listing VS Median (in 92840) | |
Price: $3,295,000 low | high Med: $934,000 sqft: 6,492 low | high Med: 1,145 $ / sqft: $508 low | high Med: $819 On site: 242 low | high Med: 6.5 | |
Market Activity 92840
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Garden Grove |
| Zip Code | 92840 |
| Area | 699 Not Defined |
| Listing VS Median (in 92840) | |
Price: $3,295,000 low | high Med: $934,000 sqft: 6,492 low | high Med: 1,145 $ / sqft: $508 low | high Med: $819 On site: 242 low | high Med: 6.5 | |