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12581 Kensington Lane, Garden Grove, CA 92840
$2,408,000
12581 Kensington Lane, Garden Grove, CA 92840View this property at 12581 Kensington Lane, Garden Grove, CA 92840
12581 Kensington LaneGarden GroveCA92840
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Property Description
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.
Full Property Details
Full Property Details for 12581 Kensington Ln
General
- Sold For: $2,408,000
- Status: Closed
- Type: Multi-Family
- MLS ID: NP24026154
- Added to Site: 100 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: 66 - N of Blsa, S of GGrv, E of Brookhrst, W of Ha
- County: Orange
- Development Name: 66 - N of Blsa, S of GGrv, E of Brookhrst, W of Ha
- Driving Directions: Southwest Corner of Nutwood and Lampson
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,120
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.22
- Lot Size Source: Assessor
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $470.31
- Price Per Unit: 312438
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by R L M Equities, Randall Mycorn
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Schools
Schools serving 12581 Kensington Ln
School District:Garden Grove Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
12281 Nelson St, Garden Grove, CA 92840 | K-6 | 0.4 mi | |
10851 Lampson Ave, Garden Grove, CA 92840 | 7-8 | 0.5 mi | |
11271 Stanford Ave, Garden Grove, CA 92840 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12581 Kensington Ln
Date
Details
Price
Change
Source
4/29/2024
Sold
$2,408,000
-3.66%
MLS
2/05/2024
Listed
$2,499,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12581 Kensington Lane, Garden Grove, CA 92840 (MLS# NP24026154) is a Multi-Family property that was sold at $2,408,000 on April 29, 2024. Want to learn more about 12581 Kensington Lane? Do you have questions about finding other Multi-Family real estate for sale in Garden Grove? You can browse all Garden Grove real estate or contact a Coldwell Banker agent to request more information.