Seller's Agent in 2023
Geoffrey Tackney
GMT Real Estate
(714) 894-5185
3 in this area
280 Total Sales
12892 Louise St Garden Grove, CA 92841
Koreatown NeighborhoodEstimated Value: $902,000 - $2,355,073
8
Beds
6
Baths
2,700
Sq Ft
$675/Sq Ft
Est. Value
Highlights
- Gated Parking
- Home Office
- Laundry Room
- Stanford Elementary School Rated A
- Ductless Heating Or Cooling System
- Tile Flooring
About This Home
As of November 2023This is an amazing opportunity to own a very unique property with a great upside potential. This property is perfect for an investor looking for a solid positive return , a business owner that needs parking for vehicles as well as rental income or a owner that would live in one home and rent out the rest. This property features three detached homes as well as a three car garage. The property break down is as follows Zoning : Garden Grove Boulevard Mixed Use (GGMU) : 12892 Louise St - 2 bedrooms, office, 2 bath built in 1937 : 12902 Louise - 3 bedrooms , 2 baths built in 1950 : 12888 Louise - 3 bedrooms , 2 baths built in 1950 : Garage consisting of 3 separate stalls built 1988. The lot is over 16000 sf and can accommodate an estimated 28 cars for parking. Each home has been meticulously maintained by the same family for generations. The city of Garden Grove is currently implementing a street expansion and sidewalk installation project on the subject street. The pro forma Cap Rate for the property including possible garage rental and other income stands at 5.66 %. This is an amazing opportunity that will not last.
Last Agent to Sell the Property
GMT Real Estate License #01373608 Listed on: 06/30/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,298
Year Built
- Built in 1937 | Remodeled
Lot Details
- 0.38 Acre Lot
- No Common Walls
- Wood Fence
- Level Lot
- Front Yard
Parking
- 3 Car Garage
- 12 Open Parking Spaces
- Parking Available
- Driveway
- Gated Parking
Home Design
- Triplex
- Entry on the 1st floor
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,700 Sq Ft Home
- 1-Story Property
- Home Office
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Ductless Heating Or Cooling System
- Air Source Heat Pump
Listing and Financial Details
- Tenant pays for electricity, water
- Tax Lot 7
- Tax Tract Number 807
- Assessor Parcel Number 13347213
- $774 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,800
- Trash Expense $1,200
- Operating Expense $3,000
- Gross Income $76,800
- Net Operating Income $74,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2023
Closed on
Oct 20, 2023
Sold by
12902 Louise Street Llc
Bought by
Khanh-Linh Investments Llc
Seller's Agent
Geoffrey Tackney
GMT Real Estate
Buyer's Agent
Thomas Dao
Superior Real Estate Group
List Price
$1,988,800
Sold Price
$1,825,000
Premium/Discount to List
-$163,800
-8.24%
Views
396
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,232
Avg. Annual Appreciation
-0.09%
Purchase Details
Closed on
Apr 10, 2023
Sold by
Clark Timothy Alan
Bought by
12902 Louise Street Llc
Purchase Details
Closed on
Apr 4, 2023
Sold by
Clark Timothy Alan
Bought by
Clark Family Trust and Clark
Purchase Details
Closed on
Apr 28, 2014
Sold by
Clark Rachel Fae
Bought by
Clark Timothy and Clark Paul L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 19, 2014
Sold by
Griffiths Lynn A
Bought by
Clark David D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 13, 2014
Sold by
Clark Timothy and Clark Paul L
Bought by
Clark Timothy and Clark Paul L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 7, 2014
Sold by
Clark Phyllis G
Bought by
Clark Daniel K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 6, 2014
Sold by
Keane Kenneth Joseph
Bought by
Keane Rebecca S Clark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Khanh-Linh Investments Llc | $1,825,000 | First American Title | |
| 12902 Louise Street Llc | -- | None Listed On Document | |
| Clark Family Trust | -- | None Listed On Document | |
| Clark Timothy | $75,500 | None Available | |
| Clark David D | -- | Title365 | |
| Clark Timothy | -- | Title365 | |
| Clark Daniel K | -- | Title365 | |
| Keane Rebecca S Clark | -- | Title365 |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Clark Daniel K | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/16/2023 11/16/23 | Sold | $1,825,000 | -8.2% | $676 / Sq Ft |
| 10/20/2023 10/20/23 | Pending | -- | -- | -- |
| 06/30/2023 06/30/23 | For Sale | $1,988,800 | -- | $737 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $22,298 | $1,861,500 | $1,746,491 | $115,009 |
| 2024 | $22,298 | $1,825,000 | $1,712,246 | $112,754 |
| 2023 | $3,306 | $212,768 | $128,848 | $83,920 |
| 2022 | $3,231 | $208,597 | $126,322 | $82,275 |
| 2021 | $3,196 | $204,507 | $123,845 | $80,662 |
| 2020 | $3,155 | $202,411 | $122,576 | $79,835 |
| 2019 | $3,105 | $198,443 | $120,173 | $78,270 |
| 2018 | $3,048 | $194,552 | $117,816 | $76,736 |
| 2017 | $3,007 | $190,738 | $115,506 | $75,232 |
| 2016 | $2,880 | $186,999 | $113,242 | $73,757 |
| 2015 | $2,839 | $184,191 | $111,541 | $72,650 |
| 2014 | $1,975 | $110,899 | $44,187 | $66,712 |
Source: Public Records
Agents Affiliated with this Home
-
Geoffrey Tackney
-
Thomas Dao
Buyer's Agent in 2023
Thomas Dao
Superior Real Estate Group
(714) 222-2229
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23111842
APN: 133-472-13
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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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