12621 Louise Cir. A-D

Rare Turnkey Fourplex with Strong Cash Flow and Upside on a Quiet Cul-de-Sac Situated on an oversized 11,400+ sq ft lot, this fully remodeled income property generates nearly $11,000 per month in rental income with an approximate 5% cap rate—an excellent opportunity for investors and 1031 exchange buyers seeking stable returns. The property features a highly desirable and flexible unit mix with two downstairs and two upstairs units: Downstairs: One 3-bedroom, 2-bath unit and One 1-bedroom, 1-bath unit Upstairs: Two 2-bedroom, 2-bath units All four units have been completely remodeled with new flooring, updated kitchens, double-paned windows, fresh interior paint and remodeled bathrooms, resulting in strong tenant demand, premium rents, and long-term, stable occupancy. Extensive capital improvements enhance long-term value and reduce operating risk, including: new upgraded electrical panel, newer exterior paint, newer water heater, and five brand-new garage doors with openers. Exceptional parking: 5 garages, 1 covered space, 6 on-site open spaces, plus ample street parking—an uncommon and highly valuable feature for multi-unit properties. Located in a peaceful residential setting yet close to major freeways, shopping, and dining, this property combines turnkey condition, strong current income, and long-term appreciation potential in one of Garden Grove’s most in-demand rental markets.