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12142 Bailey St Garden Grove, CA 92845

$1,500,000 Sold Price as of 12/23/2022
  • 8 Beds
  • 6.25 Baths
  • 3,660 Sq.Ft.
Sold
$1,500,000 Sold Price as of 12/23/2022 Refinance Your Mortgage
Map preview of 12142 Bailey St, Garden Grove, CA 92845

Property Overview: 12142 Bailey St Garden Grove, CA has 8 bedrooms, 6.25 bathrooms, 3,660 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FIRST TIME ON THE MARKET IN 50 + years. Great upside rent potential. This spacious four plex is compliant with SB 721, deck stairs and elevated surfaces state law. The building is comprised of all 2-bedroom units with three being 2 bedroom 1 3/4 bathrooms. The property has six single car garages, with two being rented out generating additional income. Three of the units are on the first level with patios and the upper unit has a spacious deck for out door enjoyment. The property is clean and well positioned for freeway access.

Listed by Laura Henshall | BRE #01091181 | CFG Investments
Last checked: 1 minute ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1963
Garage
6 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC22228362
City
Garden Grove
County
Orange
Time on Site
571 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,655
  • Total Rent: $1,655
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,405
  • Total Rent: $1,405
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,720
  • Net Operating Income: $99,999,999
  • Gross Operating Income: $81,720
  • # of Rented Garages: 2
  • Garage Rental Rate: $100
  • Garage Rental Income: $200
  • Laundry Income: $161
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $9,999,999
  • Electric: $200
  • Gas/Fuel: $955
  • New Taxes: $19,995
  • Trash: $1,105
  • Gardener: $1,962
  • Insurance: $3,511
  • Workman's Comp: $162
  • Professional Management: $5,856
  • Water/Sewer: $1,195
  • Other Expenses: $49
  • Other Expense Description: fire ext

Property Details for 12142 Bailey St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Average Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 22424201
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major streets are Valley View @ Chapman
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Garden Grove Agent

Sale History for 12142 Bailey St

Last leased for $6,000 on March 12th, 2024

  • March, 2024

  • Mar 12, 2024

    Date

    Leased

    CRMLS: PW24047213

    $6,000

    Price

  • Mar 7, 2024

    Date

    Active

    CRMLS: PW24047213

    $2,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2022

  • Dec 23, 2022

    Date

    Sold

    CRMLS: OC22228362

    $1,500,000

    Price

  • Oct 25, 2022

    Date

    Active

    CRMLS: OC22228362

    $1,600,000

    Price

  • March, 2010

  • Mar 11, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12142 Bailey St

Assessed Value (2020): $565,103
Year Land Value Improved Value Assessed Value
2020 $445,020 $120,083 $565,103

Home Value Compared to the Market

This property vs the competition

12142 Bailey St sold on December 23, 2022 for 71.67% higher than the current median sold price for the city of Garden Grove which is $932,000. The median sold price per/sqft for Garden Grove is $637 and this home is sold at $437.16 per/sqft which puts the price per square foot 31.37% lower than the current median sale per square foot for the city of Garden Grove.

About 12142 Bailey St

Detailed summary of property

12142 Bailey St is a fourplex that recently sold in Garden Grove, CA 92845. This fourplex offered 8 bedrooms, 6.25 bathrooms, roughly 3,660 living square feet, and sits on an approximately 8,276 square foot lot. 12142 Bailey St was first listed on ArdentRealEstateGroup.com on October 25, 2022. The homeowner sold the property for $1,500,000. Home in Garden Grove are selling for a median price of $932,000 and a median price per square foot of $637. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 71.67% higher than the current median priced home. Local homes that are currently for sale include 6052 Homewood Ave, 310 N Muller St and 1818 W Glenoaks Ave. While the average home in Garden Grove, CA is selling in 32 days, 12142 Bailey St has a days on market of 20 days. There are currently 116 homes for sale in the Garden Grove real estate market and 92 of them are single family homes while 18 of them are condos and 6 are townhomes. For more information on this home for sale at 12142 Bailey St Garden Grove, CA 92845 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 12142 Bailey St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
3,660
Lot Size
8,072
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
11
APN
224-242-01

The source for these homes facts are from public records.

92845 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$950,000
Median List Price/Sq.Ft.
$648
Median Sold Price
$1,030,000
Median Sold Price/Sq.Ft.
$750
Total Inventory
16
Median Sale to List Price %
107.52%
Avg Days on Market
12
Loan Type
Conventional (75%), FHA (0%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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