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29449813
29449812

12571 Kensington Lane, Garden Grove, CA 92840

JM
CA CA 01227852
Kidder Mathews
Listed by Kidder Mathews
$3,436,888
135 days on market
Updated 16 days ago

10 Pride of Ownership Units

Details
APN 08906307
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,492
Net Rentable (SqFt) 6,492
Units 10
Cap Rate 5.75%
NOI $197,611
Occupancy 100%
Tenancy Multi
Broker Co-Op Yes
Class B
Year Built 1960
Year Renovated 2025
Buildings 3
Stories 1
Acreage 0.158
Zoning Assessor
Occupancy Date 01/30/2026
Ground Lease No
Ownership 100% fee simple interest

Multifamily | 10 Units | $343,689/unit

Marketing description

$450K Price Reduction, 5.75% Day One Cap Rate & 12.9 GRM. 12571, 12575 & 12577 Kensington Lane are ten turnkey apartment units located in Garden Grove, California. Located near multiple retail and recreation options. 100% pride of ownership with over $750,000 in capital improvements completed in 2025. Freshly painted & new stucco. New electrical panels and wiring. Tastefully and exquisitely interior renovations. Walk score of 65 & strategically located just north of the 22 freeway between the 405 & 5 freeways. Two newly constructed 2-bedroom ADU's (2025). New exterior painting on existing 8-unit building, including concrete and stucco repairs. New landscaping and irrigation. Upgraded tandem parking in rear of building with new parking striping (16 total spaces). New cluster mailbox center. Upgraded property lighting with energy-efficient LED fixtures. Full remodeled kitchens in all units. All new stainless-steel appliances, new white shaker cabinetry throughout, premium quartz countertops. New sinks, faucets, and modern plumbing fixtures. New luxury vinyl plank flooring throughout (LVP). Fresh interior paint throughout all units & new trim and baseboards. New lighting and fans throughout & mini split systems installed in each unit. Stacked private washer/dryer units installed in each unit with upgraded plumbing lines (supply and/or drain).

Investment highlights

  • 100% pride of ownership and turn-key opportunity

  • Over $750,000 in capital improvements completed in 2025

  • Freshly painted & new stucco

  • New electrical panels and wiring

  • Tastefully and exquisitely interior renovations

  • Walk score of 65

  • Strategically located just north of the 22 freeway between the 405 & 5 freeways

  • 2 newly constructed 2 bedroom Adu 's

  • Each Unit is equipped with stackable washer/dryer

  • New exterior painting on existing 8-unit building – including concrete and stucco repairs

  • New landscaping and irrigation

  • Upgraded tandem parking in rear of building with new parking striping (16 total spaces)

  • New cluster mailbox center

  • Upgraded property lighting with energy-efficient Led fixtures

  • Full remodeled kitchens in all units

  • All new stainless-steel appliances

  • New white shaker cabinetry throughout

  • Premium quartz countertops

  • New sinks, faucets, and modern plumbing fixtures

  • New luxury vinyl plank flooring throughout (LVP)

  • Fresh interior paint throughout all units

  • New trim and baseboards

  • New lighting and fans throughout

  • New mini split systems installed in each unit

  • Stacked private washer/dryer units installed in each unit

  • Upgraded plumbing lines (supply and/or drain)

  • 2025 construction of (2) ±690 SF detached ADUs – Two Bedroom One Bath Units

  • Quality construction from a reputable general contractor

  • All permits and inspections passed through the City of Garden Grove.

  • Open floor plan kitchen and living room with 12’ high ceilings

  • New white shaker cabinets with white quartz counters

  • Stainless steel appliances

  • Individual stacked washer and dryers

  • New luxury vinyl plank flooring (LVP)

  • New tile showers with glass enclosures

  • New low-E vinyl energy efficient windows

  • New pex plumbing throughout, each unit is

  • connected to an individual 1” water meter

  • New sewer later tied into the existing sewer system per plan

  • New electrical panels and meters

  • Asphalt shingle roof

  • New recessed can lighting throughout

  • HVAC mini splits in each room

  • Video Link: https://player.vimeo.com/video/1157287995?badge=0&autoplay=1

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Listing Contacts

JM
CA CA 01227852
Kidder Mathews
Listed by Kidder Mathews

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$197,611.00
$16,467.58/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Jonathan Mitchell
License
CA 01227852
Brokerage
Kidder Mathews
Title
Senior Vice President
Brokerage Address
5 Park Plaza
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