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!
Sold for $1,680,000 on 06/06/25
Listing Provided by:
Khang Nguyen DRE #02193509 714591-7979,
Frontier Realty Inc
Bought with: Frontier Realty Inc
$1,680,000
12142 Bailey St, Garden Grove, CA 92845
8beds
7baths
3,660sqft
Quadruplex
Built in 1963
-- sqft lot
$-- Zestimate®
$459/sqft
$4,545 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,545/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 08, 2025 at 06:00pm
Listing Provided by:
Khang Nguyen DRE #02193509 714591-7979,
Frontier Realty Inc
Bought with:
Khang Nguyen, DRE #02193509
Frontier Realty Inc
Source: CRMLS,MLS#: PW25082366
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
Heating
- Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,660
- Total interior livable area: 3,660 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: /
- Pool features: None
Lot
- Size: 8,276 sqft
Details
- Parcel number: 22424201
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Garden Grove
- Subdivision: /
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $1,680,000-1.1%$459/sqft |
Source:  CRMLS #PW25082366 | ||
| 5/30/2025 | Pending sale | $1,699,000$464/sqft |
Source: CRMLS #PW25082366 | ||
| 5/8/2025 | Contingent | $1,699,000$464/sqft |
Source: CRMLS #PW25082366 | ||
| 2/15/2025 | Listed for sale | $1,699,000+13.3%$464/sqft |
Source: CRMLS #PW25034335 | ||
| 3/13/2024 | Listing removed | -- |
Source: CRMLS #PW24047213 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,560,600 +2% |
| 2024 | $19,190 +1.9% | $1,530,000 +2% |
| 2023 | $18,840 +136.1% | $1,500,000 +157.6% |
Find assessor info on the county website
Neighborhood: 92845
Nearby schools
GreatSchools rating
- 7/10Enders Elementary SchoolGrades: K-6Distance: 0.8 mi
- 10/10Hilton D. Bell Intermediate SchoolGrades: 7-8Distance: 0.6 mi
- 10/10Pacifica High SchoolGrades: 9-12Distance: 1.1 mi
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