$3,436,888
-$132,00012571 Kensington Lane, Garden Grove CA 92840
Multi-Family (10 Units)
Property type
128 days
On market
$529
Price per sqft
0 cars
Garage
1960
Year built
6,882 sqft
Lot size
Home highlights
Open Houses
Overview
$450K Price Reduction, 5.75% Day One Cap Rate & 12.9 GRM. 12571, 12575 & 12577 Kensington Lane are ten turnkey apartment units located in Garden Grove, California. Located near multiple retail and recreation options. 100% pride of ownership with over $750,000 in capital improvements completed in 2025. Freshly painted & new stucco. New electrical panels and wiring. Tastefully...
Listing provided by: Jonathan Mitchell DRE #01227852, Kidder Mathews of California, Inc
Listing updated: May 28, 2026 at 08:38pm.
Last checked: Jun 2, 2026 at 10:00am
Source: CRMLS #OC26020095
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 1 | — | $2,475 | $4,950 | $5,590 | Unfurnished |
| 8 | 1 | 1 | — | $2,138 | $17,104 | $18,000 | Unfurnished |
# of Buildings: 3
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 2
Separate Water Meters: 2
Dishwasher: 10
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $268,836
Tenant Pays: Electricity
Financial Snapshot
Gross Rent Multiplier
12.6x
List Price / Annual Gross Rent
Cap Rate
5.75%
NOI / List Price
Gross Scheduled Income: $272,625
Vacancy Allowance: $7,938
Vacancy Allowance Rate: 3%
Operating Expense: $67,076
Net Operating Income: $197,611
Annual Operating Expenses
Electric: $407
Gardener: $1,200
Fuel: $0
Insurance: $7,000
Maintenance: $5,000
New Taxes: $39,989
Pest Control: $784
Professional Management: $0
Trash: $5,906
Water / Sewer: $3,076
Other Expense: $4,780
Interior
Flooring: Vinyl
Cooling: Dual
Heating: Energy Star Qualified Equipment
Appliances: Dishwasher, Washer
Fireplace: None
Laundry: Washer Hookup, Inside, Stacked, Washer Included
Entry Location: Street
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One, Two
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Garage and Parking
Parking: Assigned
Garage Spaces: 0
Uncovered Spaces: 16
Parking Total: 16
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 08906307
Additional Parcels: No
Tax Lot: 145
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking
Nearby Schools
Nearby schools around the 12571 Kensington Lane, Garden Grove, CA 92840. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,749,510
Total Interest
$3,506,849
Total Payment
$6,256,359
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$21,109
per month
Property History for 12571 Kensington Lane
Garden Grove Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92840.
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