12501 Orrway Drive
Garden Grove, CA, 92841 $ 1,750,000
Baths2.0 Sq 4,572 Monthly Estimate*
$ 11,050
Listed by PAEZ REALTY COMPANY
Studio for $1,750,000 with 2 full baths. This 4,572 square foot home was built in 1964 on a lot size of 0.1857.
12501 Orrway is a four-unit multifamily investment property located in Garden Grove, California. The property features a desirable unit mix consisting of three two-bedroom units and one three-bedroom unit, providing broad appeal within the local rental market. Situated in a central Garden Grove neighborhood, the property offers convenient access to shopping, dining, recreation, and major employment centers throughout Orange County. Nearby destinations include Garden Grove Boulevard, Historic Main Street, Costco, Haster Basin Recreational Park, Garden Grove Park, and SteelCraft Garden Grove. Convenient access to State Route 22 and Interstate 5 also provides connectivity throughout Orange County and the greater Southern California region. The property presents a compelling value-add opportunity with potential upside through interior renovations, modernization, and rental optimization. Potential improvements may include updated kitchens and bathrooms, quartz countertops, shaker-style cabinetry, modern appliances, recessed lighting, luxury vinyl plank flooring, and contemporary fixtures and finishes. With its desirable unit mix, established Garden Grove location, access to nearby amenities, and renovation potential, 12501 Orrway offers an opportunity to increase rental income, improve cash flow, and enhance long-term asset value through a strategic improvement program.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available Natural Gas Available Sewer Available
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1964
Electric Standard
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 88538
Community Features Biking Curbs
County Orange
Net Operating Income 50708
Operating Expense 37830
Insurance Expense 1187.6
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 4000
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Major cross streets are Lampson Avenue & Beach Blvd
City Garden Grove
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area 699 - Not Defined
Lot Size Units Acres
Lot Size Square Feet 8089.09
Listing Terms Conventional
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1187.6
Fuel Expense 1187.6
Trash Expense 1187.6
Water Sewer Expense 1187.6
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 4
Property Sub Type Additional Quadruplex
Taxes 20568
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InteriorFireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Entry Level 1
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ExteriorLot Features 2-5 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 0.1857
Number of Buildings 1
Building Area Total 4572
Lot Size Acres 0.1857
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByPaez Realty CompanyBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,050
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Garden Grove, CA
Average List Price $2,982,033
Percent of Sale Price 70%
About Garden Grove, CA 176,492 Population
5% Since 2002
$ 61,049 Median Income
37.3 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/2/2026 | $1,750,000 | | Listed Price |