SOLD 04/29/2024
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Commercial sold for $2,408,000 in 85 days
12581 Kensington Ln Garden Grove, CA, 92840
Off the market Other
HIGHEST CAP RATE IN GARDEN GROVE! Property in excellent condition, lot has space for 1 ADU unit, 2:1 parking ratio! One Bedroom units on the same block are currently renting for $2100! 4 of 8 units are fully renovated in turnkey condition, the remain 4 units underwent minor renovations in 2023. 3 of 8 tenants are section 8 housing, other 5 tenants are on year leases! Units include: tile or vinyl flooring, dual pane windows, new appliances, new fixtures and outlets, brand new electric subpanels, wall heaters, re-glazed bathtubs, new cabinets and countertops, large walk-in closets. 5 of 8 tenants have RUBs in contract.
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Property details
5,120 sqft interior area
Land area
9,583 sqft (0.22 acres)
Address
12581 Kensington Ln, Garden Grove, CA, 92840
City of California
Garden Grove
County
Orange
Year Built
1960
District
Listing
Nearby major retailers
Costco
Costco Business Center
Albertsons
Aldi
T-Mobile
ALDI
Walmart Neighborhood Market
Walmart Supercenter
Lowe's
Walmart
Lexus
Whole Foods Market
Wholesale: 3
Supermarket: 15
Mobile phone: 6
Do it yourself: 1
Car: 1
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Listed by
Randall Mycorn, R L M Equities
Name
Randall Mycorn
License number
02078223
Brokerage company
R L M Equities
MLS #
CRNP24026154
Buyer agent
Name
Randall Mycorn
Brokerage company
R L M Equities
Payment calculator
Calculate your monthly payments
Mortgage
$7,394
Taxes
$0
HOA dues
$0
Mortgage
$481,600 / 20%
2.28%
30 years
Your amount
$7,394 / month
Lot details
TMK #08906308
Parcel nr.
08906308
92840 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 92840
46%
Families with children
National average: 39%
22%
Non family households
646,991
Population
$77,350
Average Income
Age & gender
Median age 36 years
More info
Commute types
91% commute by car
More info
Education level
25% have not graduated education
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Number of employees
2% work in education and healthcare
More info
Vehicles available
35% have 2 vehicle
More info
Vehicles by gender
35% have 2 vehicle
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Housing market insights for
$872.52k
Neighborhood average
sales price*
sales price*
$854.53k
Neighborhood median
sales price*
sales price*
414
Number
of sales*
of sales*
Housing type
49% are single detacheds
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Rooms
45% of the houses have 4 or 5 rooms
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Bedrooms
61% have 2 or 3 bedrooms
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Owners vs Renters
52% are renters
More info
11.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 29, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 29, 2024 | Sold | $2,408,000 | 0 | Public Record |
| Apr 29, 2024 | Price Decrease | $2,408,000 -3.66% | 0 | MLS #CRNP24026154 |
| Apr 18, 2024 | Under contract | $2,499,500 | 0 | MLS #CRNP24026154 |
| Apr 15, 2024 | Pending | $2,499,500 | 0 | MLS #CRNP24026154 |
| Feb 27, 2024 | Under contract | $2,499,500 | 0 | MLS #CRNP24026154 |
| Feb 5, 2024 | New Listing | $2,499,500 | 0 | MLS #CRNP24026154 |
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Frequently Asked Questions about 12581 Kensington Ln
What is 12581 Kensington Ln?
12581 Kensington Ln is a Commercial/Industrial propertywith 5,120 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
12581 Kensington Ln, Garden Grove, CA, 92840.
What comparable properties are nearby?
Comparable nearby commercial properties include 12460 Euclid St, 13345 Euclid St, 11082 Barclay Dr, 13832 West St, 12611 Morningside Ave, 12621 Morningside Ave.
Based on information from the bridgeMLS as of 05-16-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 29, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Aldi, 0.86 miles away and home, 0.9 miles away.
The 92840 zip area has a population of 646,991, and 46% of the families have children. The median age is 36.9 years and 91% commute by car. The most popular housing type is "single detached" and 52% is renter.
