12581 Kensington Lane, Garden Grove, CA 92840
Property · 2 recorded sales since 2023
Sold April 2024
Listing Agent: Randall Mycorn (DRE #02078223) · Listing Office: R L M Equities · Contact: 949-573-5309 · Bought with: Randall Mycorn · R L M Equities · MLS #NP24026154 · Source: CRMLS
About this property
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 description from the April 2024 sale, as reported to CRMLS.
Sale history
