12571 Flower St, Garden Grove, CA 92840
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12571 Flower St Garden Grove, CA 92840

$1,910,000 Sold Price as of 10/08/2019
  • 8 Beds
  • 8 Baths
  • 5,120 Sq.Ft.
Sold
$1,910,000 Sold Price as of 10/08/2019 Refinance Your Mortgage

Map preview of 12571 Flower St, Garden Grove, CA 92840

Property Overview: 12571 Flower St Garden Grove, CA has 8 bedrooms, 8 bathrooms, 5,120 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 12571 Flower Street is an 8-unit multifamily investment property located in Garden Grove, California. Built in 1960, 12571 Flower Street consists exclusively of one-bedroom units and offers residents amenities including open parking, on-site laundry, and security doors. In addition, the property’s strategic location in close proximity to State Route 22 and Beach Boulevard provides residents with convenient access to employment hubs in surrounding cities.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC19193301
City
Garden Grove
County
Orange
Time on Site
1395 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,850
  • Total Rent: $4,850
  • Pro Forma/Market Rent: $5,800
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,250
  • Total Rent: $5,250
  • Pro Forma/Market Rent: $6,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $122,640
  • Net Operating Income: $79,211
  • Gross Operating Income: $119,004
Annual Expense Breakdown
  • Total Operating Expense: $39,793
  • Electric: $1,170
  • Gas/Fuel: $1,170
  • Licenses: $1,000
  • New Taxes: $24,913
  • Trash: $1,170
  • Insurance: $2,400
  • Professional Management: $0
  • Water/Sewer: $1,170
  • Other Expenses: $6,800
  • Other Expense Description: other

Property Details for 12571 Flower St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 08906103
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Brookhurst Street and Lampson Avenue
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Garden Grove Agent

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Sale History for 12571 Flower St

Last sold for $1,910,000 on October 8th, 2019
  • October, 2019

  • Oct 8, 2019

    Date

    Sold

    CRMLS: OC19193301

    $1,910,000

    Price

  • Sep 3, 2019

    Date

    Pending

    CRMLS: OC19193301

    $1,925,000

    Price

  • Aug 21, 2019

    Date

    Active Under Contract

    CRMLS: OC19193301

    $1,925,000

    Price

  • Aug 13, 2019

    Date

    Active

    CRMLS: OC19193301

    $1,925,000

    Price

  • October, 2019

  • Oct 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,910,000

    Price

  • December, 2015

  • Dec 21, 2015

    Date

    Sold (Public Records)

    Public Records

    $355,000

    Price

Show More

Tax History for 12571 Flower St

Assessed Value (2020): $1,910,000
Year Land Value Improved Value Assessed Value
2020 $1,660,000 $250,000 $1,910,000

Home Value Compared to the Market

This property vs the competition

12571 Flower St sold on October 8, 2019 for 106.55% 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 $375.98 per/sqft which puts the price per square foot 40.98% lower than the current median sale per square foot for the city of Garden Grove.

About 12571 Flower St

Detailed summary of property

12571 Flower St is a multi family that recently sold in Garden Grove, CA 92840. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 5,120 living square feet, and sits on an approximately 9,583 square foot lot. 12571 Flower St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,910,000. 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 106.55% higher than the current median priced home. Local homes that are currently for sale include 420 S Melrose St, 1134 N Mayfair Ave and 3700 W Savanna St. While the average home in Garden Grove, CA is selling in 32 days, 12571 Flower St has a days on market of 6 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 12571 Flower St Garden Grove, CA 92840 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 12571 Flower St

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
5,120
Lot Size
9,645
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
27
APN
089-061-03

The source for these homes facts are from public records.

92840 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$655,000
Median Sold Price/Sq.Ft.
$528
Total Inventory
43
Median Sale to List Price %
100.77%
Avg Days on Market
15
Loan Type
Conventional (38.46%), FHA (7.69%), VA (0%), Cash (38.46%), Other (15.38%)

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Related Resources to 12571 Flower St

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.