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12562 Keel Ave, Garden Grove, CA 92843
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12562 Keel Ave Garden Grove, CA 92843

$1,750,000 Sold Price as of 01/29/2021
  • 8 Beds
  • 8 Baths
  • 5,050 Sq.Ft.
Sold
$1,750,000 Sold Price as of 01/29/2021 Refinance Your Mortgage
Map preview of 12562 Keel Ave, Garden Grove, CA 92843

Property Overview: 12562 Keel Ave Garden Grove, CA has 8 bedrooms, 8 bathrooms, 5,050 living square feet and 10,038 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an opportunity to acquire an 8-unit apartment in Garden Grove. It has been very well-maintained by the owner and a pride of ownership for the last 20 years. This opportunity consists of eight one-bedroom one-bathroom units, and boasts updated windows, and updates added in the units kitchen and bathrooms. This property offers 16% rental upside with great asset security for any investor looking to own in the ever-growing market of Garden Grove. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. The property has on-site laundry facilities and includes 11 parking spaces, 8 carports, and 3 open parking spaces for tenants. The building is individually metered for electricity and is in an opportunity zone.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investment Services
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 113

Home details

Lot Sq. Ft
10,038
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20612212
City
Garden Grove
County
Orange
Time on Site
1368 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $10,003
  • Pro Forma/Market Rent: $11,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $82,333
  • Gross Operating Income: $119,735
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12562 Keel Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Vinyl
Interior Features
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 19811304
Location / Neighborhood
Location Information
  • Directions: The major cross streets are Westminster Ave, and Harbor Blvd. Also, the property is in close proximity to Shopping Centers, Restaurants, the 5 & 22 Freeways, Santa Ana College, Willowick and Riverview Golf Courses, and is in the Garden Grove Unified School District. Do not miss out on this rare opportunity to own in Garden Grove.
View more facts & features

Local Garden Grove Agent

Sale History for 12562 Keel Ave

Last sold for $1,750,000 on January 29th, 2021

  • February, 2021

  • Feb 1, 2021

    Date

    Sold

    CRMLS: 20612212

    $1,750,000

    Price

  • Nov 24, 2020

    Date

    Active Under Contract

    CRMLS: 20612212

    $1,850,000

    Price

  • Oct 16, 2020

    Date

    Price Change

    CRMLS: 20612212

    $1,850,000

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: 20612212

    $1,900,000

    Price

  • January, 2021

  • Jan 29, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,750,000

    Price

  • April, 1999

  • Apr 29, 1999

    Date

    Sold (Public Records)

    Public Records

    $345,500

    Price

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Tax History for 12562 Keel Ave

Assessed Value (2020): $495,261
Year Land Value Improved Value Assessed Value
2020 $298,533 $196,728 $495,261

Home Value Compared to the Market

This property vs the competition

12562 Keel Ave sold on January 29, 2021 for 95.37% higher than the current median sold price for the city of Garden Grove which is $946,900. The median sold price per/sqft for Garden Grove is $622 and this home is sold at $366.34 per/sqft which puts the price per square foot 41.1% lower than the current median sale per square foot for the city of Garden Grove.

About 12562 Keel Ave

Detailed summary of property

12562 Keel Ave is a multi family that recently sold in Garden Grove, CA 92843. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 5,050 living square feet, and sits on an approximately 10,038 square foot lot. 12562 Keel Ave was first listed on ArdentRealEstateGroup.com on August 1, 2020. The homeowner sold the property for $1,750,000. Home in Garden Grove are selling for a median price of $946,900 and a median price per square foot of $622. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 95.37% higher than the current median priced home. Local homes that are currently for sale include 1818 W Glenoaks Ave, 7161 Main St and 728 W Romneya Dr. While the average home in Garden Grove, CA is selling in 31 days, 12562 Keel Ave has a days on market of 113 days. There are currently 121 homes for sale in the Garden Grove real estate market and 98 of them are single family homes while 19 of them are condos and 4 are townhomes. For more information on this home for sale at 12562 Keel Ave Garden Grove, CA 92843 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 12562 Keel Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
5,050
Lot Size
10,038
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
14
APN
198-113-04

The source for these homes facts are from public records.

92843 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,098,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$672,000
Median Sold Price/Sq.Ft.
$651
Total Inventory
11
Median Sale to List Price %
101.05%
Avg Days on Market
30
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (30%), Other (10%)

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Recently Sold Homes Near 12562 Keel Ave

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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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