$4,995,000
$303K PRICE DROP

12361 El Rey Place Unit 16 Garden Grove, CA 92840

Estimated payment $31,608/month

Total Views 2,127
16 Beds
16 Baths
9,729 Sq Ft
$513 Price per Sq Ft

Highlights

  • 0.39 Acre Lot
  • Earl Warren Elementary School Rated A-
  • Laundry Room

About This Home

This home is located at 12361 El Rey Place Unit 16, Garden Grove, CA 92840 and is currently priced at $4,995,000, approximately $513 per square foot. This property was built in 1959. 12361 El Rey Place Unit 16 is a home located in Orange County with nearby schools including Earl Warren Elementary School, Izaak Walton Intermediate School, and Santiago High School.

Listing Agent

Patrick Swanson

Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 06/18/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 9,729 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 26 Open Parking Spaces
  • 26 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1932
  • Assessor Parcel Number 23142209
  • $2,294 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $300
  • Fuel Expense $2,640
  • Insurance Expense $9,729
  • Trash Expense $4,308
  • Water Sewer Expense $5,100
  • Operating Expense $104,871
  • Gross Income $419,040
  • Net Operating Income $305,213

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Price Per Unit: 312188
  • Property Attached: Yes
  • Water Sewer Expenses: 5100.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 23142209
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 513.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 26.00
  • Uncovered Spaces: 26.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 4308.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 16835.00
  • Lot Size Acres: 0.3865

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 2640.00
  • Gross Income: 419040.00
  • Gross Scheduled Income: 419040.00
  • Insurance Expense: 9729.00
  • Lot Size Area: 16835.0000 Square Feet
  • Net Operating Income: 305213.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 16
  • Operating Expense: 101255.00
  • Rent Control: No
  • Total Expenses: 104871.00
  • Vacancy Allowance: 12571

Tax Info

  • Tax Census Tract: 885.02
  • Tax Lot: 9
  • Tax Tract Number: 1932
  • TaxOtherAnnualAssessmentAmount: 2294.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $4,995,000 -5.7% $513 / Sq Ft
06/18/2025 06/18/25 For Sale $5,298,000 -- $545 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25134818

California Regional Multiple Listing Service (CRMLS)
California Orange County Garden Grove 92840

12361 El Rey Place Unit 16, Garden Grove, CA

This home is located at 12361 El Rey Place Unit 16, Garden Grove, CA 92840 and is currently priced at $4,995,000, approximately $513 per square foot. This property was built in 1959. 12361 El Rey Place Unit 16 is a home located in Orange County with nearby schools including Earl Warren Elementary School, Izaak Walton Intermediate School, and Santiago High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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