12571 Kensington Lane, Garden Grove, CA, CA 92840
- $3,295,000
- List Price
- $3,295,000
- Price Change
- ▼ $141,888 1782945472
- Status
- ACTIVE
- MLS#
- OC26020095
- County
- Orange
- Year Built
- 1960
- Building Square Feet
- 6,492
- Square Feet
- 6,882
- Days on Market
- 181
- Property Type
- Multifamily
- Stories
- One Level, Two Levels
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 installed in each unit with upgraded plumbing lines (supply and/or drain).
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Additional Information
- Parcel Number
- 08906307
- Rent Control
- Yes
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $272,625
- Operating Expense
- 67076
- Net Operating Income
- $197,611
- Number of Buildings
- 3
- Lot Features
- 6-10 Units/Acre
- Appliances
- Dishwasher, Washer
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
- Heat
- ENERGY STAR Qualified Equipment
- Cooling
- Yes
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Biking
Listing courtesy of Listing Agent: Jonathan Mitchell (jon.mitchell@kidder.com) from Listing Office: Kidder Mathews of California, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.