12571 Kensington Ln - Apartments FOR SALE


Garden Grove, CA 92840
$3,895,000 USD
714-337-8405
12571 Kensington Ln, Garden Grove, CA for Sale
$3,895,000 USD
Apartments - FOR SALE
1/14
null | 4.7% Cap Rate

12571 Kensington Ln
Garden Grove, CA 92840


HIGHLIGHTS

  • 100% pride of ownership and turn-key opportunity
  • Over $750,000 in capital improvements completed in 2025
  • 2 newly constructed 2 bedroom ADU's
  • New electrical panels and wiring
  • Each Unit is equipped with stackable washer/dryer
  • Tastefully and exquisitely interior renovations

OVERVIEW

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 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. 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).

FOR SALE DETAILS

PRICE

$3,895,000 USD

PRICE/SF

$622 USD /SF

# OF UNITS

10

PRICE/UNIT

$389,500

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R3

APN/PARCEL ID

089-063-07

ASK ABOUT THIS PROPERTY

Jonathan MitchellKidder MathewsMore Info
714-337-8405

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Jonathan MitchellKidder MathewsMore Info
714-337-8405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.