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Listed by Jonathan Mitchell, DRE #01227852 • Kidder Mathews of California, Inc
$ 3,295,000
Est. payment /mo
Contingent
12571 Kensington LN Garden Grove, CA 92840
6,882 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CROC26020095
Year Built 1960
Lot Size 6,882 Sqft
Source California Regional MLS
Property 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 instal
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Kitchen Dishwasher
Interior
Heating Other
Cooling Other
Laundry 30, Other, Washer, Washer/Dryer - Owned, Stacked Only
Exterior
Parking Features Assigned Spaces
Garage Spaces 16.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 08906307
Special Listing Condition Not Applicable , Accepting Backups
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