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12571 Kensington Ln, Garden Grove, CA 92840
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12571 Kensington Ln Garden Grove, CA 92840

$1,980,000 Sold Price as of 04/11/2023
  • 8 Beds
  • 8 Baths
  • 5,112 Sq.Ft.
Sold
$1,980,000 Sold Price as of 04/11/2023 Refinance Your Mortgage
Map preview of 12571 Kensington Ln, Garden Grove, CA 92840

Property Overview: 12571 Kensington Ln Garden Grove, CA has 8 bedrooms, 8 bathrooms, 5,112 living square feet and 10,018 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 12571 Kensington Lane is located in the desirable City of Garden Grove, California which has been owned and operated by the same family since 1968! Built in 1960, this garden-style two-story walkup consists of all one-bed one-bath units averaging over 630 square feet per unit. The building has a pitched & rolled roof, separate electric meters and an on-site laundry room, and open assigned parking in the rear. The grounds and landscaping have been well maintained and offer excellent curb appeal. The property is in central Garden Grove just north of the 22 Freeway, close to the Disneyland Park, Disney California Adventure Park, Great Wolf Lodge, “The Block”, Anaheim Convention Center, Angel Stadium, Honda Center, Little Saigon and much more. Nearby parks include Euclid Park, Faylane Park and Community Center Park. The ideal location is situated near major retail, educational and employment opportunities for the tenants to enjoy and benefit from.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 6 minutes ago | Last updated: April 12th, 2023 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
10,018
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
OC23004182
City
Garden Grove
County
Orange
Time on Site
619 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,363
  • Total Rent: $10,905
  • Pro Forma/Market Rent: $14,360
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: 15.6
  • Gross Scheduled Income: $131,700
  • Net Operating Income: $88,178
  • Gross Operating Income: $88,178
  • Vacancy Allowance: $2,617
  • Gross Spendable Income: $128,243
  • Laundry Income: $840
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $40,905
  • Electric: $613
  • Gas/Fuel: $1,898
  • New Taxes: $24,074
  • Trash: $2,246
  • Gardener: $1,200
  • Insurance: $2,312
  • Maintenance: $4,000
  • Professional Management: $0
  • Water/Sewer: $3,562
  • Other Expenses: $1,000
  • Other Expense Description: Misc

Property Details for 12571 Kensington Ln

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
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: Assigned, Uncovered
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Park/Greenbelt
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 08906307
  • 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
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Garden Grove
  • Directions: Intersection Lampson Ave and Nutwood St, turn onto Kensington
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Suburban
View more facts & features

Local Garden Grove Agent

Sale History for 12571 Kensington Ln

Last sold for $1,980,000 on April 11th, 2023

  • April, 2023

  • Apr 11, 2023

    Date

    Sold

    CRMLS: OC23004182

    $1,980,000

    Price

  • Jan 9, 2023

    Date

    Active

    CRMLS: OC23004182

    $2,198,888

    Price

  • October, 2022

  • Oct 26, 2022

    Date

    Canceled

    CRMLS: PW22198256

    $4,500,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: PW22198256

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    8-units on tree-lined, Kensington Ln., one of the nicest streets in Garden Grove.. All units are 1+1 with a huge walk-in closet and plenty of assigned parking. Vacancies are filled quickly due to the well-kept property and the quiet, wonderfully-located street. Attractive Landscaping, Separately Metered/Electric, Copper Plumbing Lampson & Nutwood Location Quiet Street in Excellent area of Garden Grove. Closet to 22 Freeway, Employment Centers, 20-Minutes from John Wayne Airport 12602 Kensington rd sold for $ 5,740,000 on 2/22

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Tax History for 12571 Kensington Ln

Assessed Value (2020): $134,920
Year Land Value Improved Value Assessed Value
2020 $40,833 $94,087 $134,920

Home Value Compared to the Market

This property vs the competition

12571 Kensington Ln sold on April 11, 2023 for 142.6% higher than the current median sold price for the city of Garden Grove which is $845,000. The median sold price per/sqft for Garden Grove is $595 and this home is sold at $401.02 per/sqft which puts the price per square foot 32.6% lower than the current median sale per square foot for the city of Garden Grove.

About 12571 Kensington Ln

Detailed summary of property

12571 Kensington Ln is a apartment that recently sold in Garden Grove, CA 92840. This apartment offered 8 bedrooms, 8 bathrooms, roughly 5,112 living square feet, and sits on an approximately 10,018 square foot lot. 12571 Kensington Ln was first listed on ArdentRealEstateGroup.com on January 10, 2023. The homeowner sold the property for $1,980,000. Home in Garden Grove are selling for a median price of $845,000 and a median price per square foot of $595. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 142.6% higher than the current median priced home. Local homes that are currently for sale include 605 E Sycamore St, 302 N Bush St and 2115 E Almont Ave. While the average home in Garden Grove, CA is selling in 34 days, 12571 Kensington Ln has a days on market of 55 days. There are currently 157 homes for sale in the Garden Grove real estate market and 112 of them are single family homes while 37 of them are condos and 8 are townhomes. For more information on this home for sale at 12571 Kensington Ln 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 Kensington Ln

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
5,122
Lot Size
9,232
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
7
APN
089-063-07

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
$910,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$900,000
Median Sold Price/Sq.Ft.
$558
Total Inventory
53
Median Sale to List Price %
101.69%
Avg Days on Market
22
Loan Type
Conventional (53.85%), FHA (0%), VA (0%), Cash (7.69%), Other (38.46%)

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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