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12702 Flower St, Garden Grove, CA 92840
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12702 Flower St Garden Grove, CA 92840

$1,850,000 Sold Price as of 03/09/2021
  • 8 Beds
  • 8 Baths
  • 5,112 Sq.Ft.
Sold
$1,850,000 Sold Price as of 03/09/2021 Refinance Your Mortgage
Map preview of 12702 Flower St, Garden Grove, CA 92840

Property Overview: 12702 Flower St Garden Grove, CA has 8 bedrooms, 8 bathrooms, 5,112 living square feet and 10,019 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 12702 Flower Street, an 8-unit apartment building in the in-demand rental market of Garden Grove. This investment opportunity has been well maintained over the years with capital improvements such as complete gas re-pipe (2017) and more recently, all-new bathrooms for every unit that include new tubs, vanities, flooring, toilets and ceiling exhaust fans. Situated on a large lot, tenants enjoy large grassy areas and excellent spacing between neighboring buildings offering an established single-family residential neighborhood feel. Already offering an excellent value-add opportunity through increased rents, a new investor can further increase their equity through continually upgrading interiors. The Flower Street apartments are poised to be an excellent addition to any investor's investment portfolio. *In-Deman Garden Grove Location, * All-New Bathrooms in Every Unit, *Well-Maintained Asset, *Complete Gas Re-Pipe (2017), *(14) On-Site Parking Spaces

Listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Co-listed by Paul Espinosa | BRE #01942627 | Morgan Skenderian
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 146

Home details

Lot Sq. Ft
10,019
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20176410
City
Garden Grove
County
Orange
Time on Site
1358 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # 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: $1,208
  • Total Rent: $9,665
  • Pro Forma/Market Rent: $1,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: 15.84
  • Gross Scheduled Income: $118,380
  • Net Operating Income: $72,142
  • Gross Operating Income: $114,829
  • Vacancy Allowance: $3,551
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: $42,686
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $22,195
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,789
  • Maintenance: $6,890
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $8,640
  • Other Expense Description: Utility

Property Details for 12702 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: 14
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 08963206
  • 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
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: North of Garden Grove Boulevard and East of Brookhurst Street
Neighborhood Information
  • Community Features: Curbs, Storm Drains, Street Lights
View more facts & features

Local Garden Grove Agent

Sale History for 12702 Flower St

Last sold for $1,850,000 on March 9th, 2021

  • March, 2021

  • Mar 10, 2021

    Date

    Sold

    CRMLS: PW20176410

    $1,850,000

    Price

  • Jan 20, 2021

    Date

    Active Under Contract

    CRMLS: PW20176410

    $1,875,000

    Price

  • Oct 19, 2020

    Date

    Price Change

    CRMLS: PW20176410

    $1,875,000

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: PW20176410

    $1,890,000

    Price

  • August, 2003

  • Aug 18, 2003

    Date

    Sold (Public Records)

    Public Records

    $752,500

    Price

Show More

Tax History for 12702 Flower St

Assessed Value (2020): $978,282
Year Land Value Improved Value Assessed Value
2020 $770,280 $208,002 $978,282

Home Value Compared to the Market

This property vs the competition

12702 Flower St sold on March 9, 2021 for 101.18% 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 $366.78 per/sqft which puts the price per square foot 42.42% lower than the current median sale per square foot for the city of Garden Grove.

About 12702 Flower St

Detailed summary of property

12702 Flower St is a multi family that recently sold in Garden Grove, CA 92840. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 5,112 living square feet, and sits on an approximately 10,019 square foot lot. 12702 Flower St was first listed on ArdentRealEstateGroup.com on August 27, 2020. The homeowner sold the property for $1,850,000. 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 101.18% higher than the current median priced home. Local homes that are currently for sale include 16426 San Jacinto Street, 231 S Laxore St and 1818 W Glenoaks Ave. While the average home in Garden Grove, CA is selling in 32 days, 12702 Flower St has a days on market of 146 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 12702 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 12702 Flower St

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
5,112
Lot Size
9,312
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
2
APN
089-632-06

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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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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