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12571 Kensington Ln 10 Unit Apartment Building $5,075,896 CAD ($507,590 CAD/Unit) 5.02% Cap Rate Garden Grove, CA 92840
Investment Highlights
- 100% pride of ownership and turn-key opportunity
- 2 newly constructed 2 bedroom ADU's
- Each Unit is equipped with stackable washer/dryer
- Over $750,000 in capital improvements completed in 2025
- New electrical panels and wiring
- Tastefully and exquisitely interior renovations
Executive Summary
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 and turn-key opportunity. Over $750,000 in capital improvements completed in 2025. Freshly painted & new stucco. New electrical panels and wiring. Tastefully and exquisitely interior renovations. Walk score of 65 & strategically located just north of the 22 freeway between the 405 & 5 freeways. Two newly constructed 2-bedroom ADU's (2025). New exterior painting on existing 8-unit building, including concrete and stucco repairs. New landscaping and irrigation. Upgraded tandem parking in rear of building with new parking striping (16 total spaces). New cluster mailbox center. Upgraded property lighting with energy-efficient LED fixtures. Full remodeled kitchens in all units. All new stainless-steel appliances, new white shaker cabinetry throughout, premium quartz countertops. New sinks, faucets, and modern plumbing fixtures. New luxury vinyl plank flooring throughout (LVP). Fresh interior paint throughout all units & new trim and baseboards. New lighting and fans throughout & mini split systems installed in each unit. Stacked private washer/dryer units installed in each unit with upgraded plumbing lines (supply and/or drain).
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$369,305
|
$59.01
|
| Other Income |
$6,851
|
$1.09
|
| Vacancy Loss |
$11,079
|
$1.77
|
| Effective Gross Income |
$365,077
|
$58.34
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$110,365
|
$17.64
|
| Net Operating Income |
$254,712
|
$40.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $369,305 |
| Annual Per SF | $59.01 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,851 |
| Annual Per SF | $1.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,079 |
| Annual Per SF | $1.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $365,077 |
| Annual Per SF | $58.34 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $110,365 |
| Annual Per SF | $17.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $254,712 |
| Annual Per SF | $40.70 |
Property Facts
| Price | $5,075,896 CAD | Apartment Style | Garden |
| Price Per Unit | $507,590 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.02% | Building Size | 6,258 SF |
| Gross Rent Multiplier | 13.7 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.24/1,000 SF |
| Zoning | R3 | ||
| Price | $5,075,896 CAD |
| Price Per Unit | $507,590 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Gross Rent Multiplier | 13.7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 6,258 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2025 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Ceiling Fans
- Oven
- Range
- Walk-In Closets
- Double Pane Windows
- Garden
Site Amenities
- Courtyard
- Gas Range
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,953 CAD | 639 |
| 2+1 | 2 | $3,400 CAD | 690 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 089-063-07 | Improvements Assessment | $253,020 CAD |
| Land Assessment | $2,554,625 CAD | Total Assessment | $2,807,645 CAD |
Property Taxes
Parcel Number
089-063-07
Land Assessment
$2,554,625 CAD
Improvements Assessment
$253,020 CAD
Total Assessment
$2,807,645 CAD
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12571 Kensington Ln
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