NOT LISTED FOR SALE
8 Beds
7 Baths
3,660 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: June 6, 2025

Last sale price $1,680,000 $459 Per Sq Ft

22 Days on Market

Highlights

  • No HOA
  • 6 Car Garage
  • Heating Available
  • Cooling System Mounted To A Wall/Window
  • Laundry Facilities

About This Home

As of June 2025

Incredible Investment Opportunity in Prestigious West Garden Grove! Welcome to 12142 Bailey St – a rare, income-generating fourplex nestled in one of the most coveted neighborhoods of Orange County. This standout property is strategically located near the crossroads of the 405 and 22 freeways, offering unparalleled access to Long Beach, major commercial hubs, and thriving job centers. Whether you're a seasoned investor or looking for the perfect opportunity to complete a 1031 Exchange, this property checks all the boxes: NO HOA, strong rental upside, and a high-demand area with consistent tenant appeal. Set on a quiet, tree-lined street with pride of ownership throughout, this four-unit gem offers both stability and future growth potential. Whether you're looking to expand your portfolio or secure a reliable income stream, this property is a high-yield opportunity you won’t want to miss!

Last Agent to Sell the Property

Khang Nguyen

Frontier Realty Inc Brokerage Phone: 714 591-7979 License #02193509 Listed on: 04/14/2025

Last Buyer's Agent

Khang Nguyen

Frontier Realty Inc Brokerage Phone: 714 591-7979 License #02193509 Listed on: 04/14/2025

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,660 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 3624
  • Assessor Parcel Number 22424201
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $400
  • Insurance Expense $3,777
  • Trash Expense $500
  • Water Sewer Expense $2,800
  • New Taxes Expense $19,191
  • Operating Expense $27,468
  • Gross Income $2,724
  • Net Operating Income $54,879

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,276 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: /
  • Water Sewer Expenses: 2800.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 22424201
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 459.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 400.00
  • Garage Income: 2400.00
  • Gross Income: 2724.00
  • Gross Scheduled Income: 82644.00
  • Insurance Expense: 3777.00
  • Laundry Income: 324.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 54879.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27468.00
  • Rent Control: Yes
  • Total Expenses: 27468.00

Tax Info

  • New Taxes Expense: 19191.00
  • Tax Census Tract: 1100.01
  • Tax Lot: 11
  • Tax Tract Number: 3624

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2025
Closed on
Jun 3, 2025
Sold by
Bought by
Seller's Agent
Khang Nguyen
Frontier Realty Inc
Buyer's Agent
Khang Nguyen
Frontier Realty Inc
List Price
$1,699,000
Sold Price
$1,680,000
Premium/Discount to List
-$19,000
-1.12%
Views
114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Outstanding Balance
$1,245,577
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2022
Closed on
Dec 2, 2022
Sold by
Bought by
Seller's Agent
Laura Henshall
CFG Investments
Buyer's Agent
Tiffany Tram
eXp Realty of Southern Ca, Inc
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%

Purchase Details

Listed on
Oct 25, 2022
Closed on
Nov 10, 2022
Sold by
Bought by
Seller's Agent
Laura Henshall
CFG Investments
Buyer's Agent
Tiffany Tram
eXp Realty of Southern Ca, Inc
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
25

Purchase Details

Closed on
Jul 27, 2022
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in West Garden Grove, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,680,000 Lawyers Title
-- Lawyers Title
$1,500,000 Lawyers Title
-- None Listed On Document
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,260,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2025 06/06/25 Sold $1,680,000 -1.1% $459 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
04/14/2025 04/14/25 For Sale $1,699,000 0.0% $464 / Sq Ft
03/12/2024 03/12/24 Rented $6,000 +200.0% --
03/11/2024 03/11/24 For Rent $2,000 0.0% --
03/10/2024 03/10/24 Off Market $2,000 -- --
03/08/2024 03/08/24 For Rent $2,000 0.0% --
03/07/2024 03/07/24 Off Market $2,000 -- --
12/23/2022 12/23/22 Sold $1,500,000 -6.3% $410 / Sq Ft View Prior Sale
11/14/2022 11/14/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $1,600,000 -- $437 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $19,568 $1,713,600 $1,538,519 $175,081
2025 $19,192 $1,560,600 $1,405,810 $154,790
2024 $19,192 $1,530,000 $1,378,245 $151,755
2023 $18,840 $1,500,000 $1,351,220 $148,780
2022 $7,980 $582,376 $458,623 $123,753
2021 $7,896 $570,957 $449,630 $121,327
2020 $7,793 $565,103 $445,020 $120,083
2019 $7,655 $554,023 $436,294 $117,729
2018 $7,508 $543,160 $427,739 $115,421
2017 $7,407 $532,510 $419,352 $113,158
2016 $7,063 $522,069 $411,129 $110,940
2015 $6,965 $514,228 $404,954 $109,274
2014 $6,801 $504,155 $397,021 $107,134
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25082366

California Regional Multiple Listing Service (CRMLS)

APN: 224-242-01

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