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12581 Kensington Lane, Garden Grove

$2,499,500 - 2 Beds - 2 Baths - .22 Acres - 21 DOM

HIGHEST CAP RATE IN GARDEN GROVE! Property in excellent condition, lot has space for 1 ADU unit, 2:1 parking ratio! One Bedroom units on the same block are currently renting for $2100! 4 of 8 units are fully renovated in turnkey condition, the remain 4 units underwent minor renovations in 2023. 3 of 8 tenants are section 8 housing, other 5 tenants are on year leases! Units include: tile or vinyl flooring, dual pane windows, new appliances, new fixtures and outlets, brand new electric subpanels, wall heaters, re-glazed bathtubs, new cabinets and countertops, large walk-in closets. 5 of 8 tenants have RUBs in contract.

Listing Agent
Randall Mycorn - R L M Equities

Essential Information

For 12581 Kensington Lane, Garden Grove
  • MLS® # NP24026154
  • Price $2,499,500
  • Bedrooms 2
  • Bathrooms 2.00
  • Acres 0.22
  • Year Built 1960
  • Type Residential Income
  • Sub-Type Mixed Use
  • Status Closed

Community Information

For 12581 Kensington Lane, Garden Grove
  • Address 12581 Kensington Lane
  • Subdivision Kensington Lane
  • City Garden Grove
  • County Orange
  • Zip Code 92840

Area

For 12581 Kensington Lane, Garden Grove

66 - N of Blsa, S of GGrv, E of Brookhrst, W of Ha

Amenities

For 12581 Kensington Lane, Garden Grove
  • Pool None

Interior

For 12581 Kensington Lane, Garden Grove
  • # of Stories 2
  • Stories Two

Exterior

For 12581 Kensington Lane, Garden Grove
  • Lot Description 6-10 Units/Acre

Additional Information

For 12581 Kensington Lane, Garden Grove
  • Date Listed February 5th, 2024
  • Days on Market 21

Listing Details

For 12581 Kensington Lane, Garden Grove
  • Agent Randall Mycorn
  • Office R L M Equities

Price Change History for 12581 Kensington Lane, Garden Grove, (MLS® #NP24026154)

Date Details Change
Status Changed from Active Under Contract to Closed
Status Changed from Pending to Active Under Contract
Status Changed from Active Under Contract to Pending
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 1:10am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.