12142 Bailey St Garden Grove, CA 92845
Property details
About 12142 Bailey St
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!
Highlights
Summary
- Garage Space: 6 spaces
- Private Pool: No
- Parking: Garage
- Heating: Electric
- Cooling: Wall/Window Unit(s)
- List Price: $1,699,000
- Annual Tax Amount: $19,191
- Tax Year: 2024
- Directions: West of Valley View St vs. South of Chapman Ave
- Year Built: 1963
- Stories: 2
- Lot Size: 0.19 Acres
- MLS Number: PW25082366
- MLS Name: CRMLS
- Office Name: Frontier Realty Inc
- Office Phone: (714) 591-7979
- Listing Agent: Khang Nguyen
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,699,000
12142 Bailey St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 23, 2022 | Home Sold | $1,500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,530,000 | $19,191 |
| 2023 | $1,500,000 | $18,840 |
| 2022 | $582,376 | $7,980 |
| 2021 | $570,957 | $7,895 |
| 2020 | $565,103 | $7,792 |
| 2019 | $554,023 | $7,508 |
| 2018 | $543,160 | $7,508 |
| 2017 | $532,510 | $7,406 |
History based on county public records data.
Nearby schools
9
Loyal Barker Elementary School
Public District KG-6
0.7 mi
•12565 Springdale St
9
Enders Elementary School
Public District KG-6
0.8 mi
•12302 Springdale St
8
Garden Park Elementary School
Public District KG-6
1.0 mi
•6562 Stanford Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $82,767. The majority of Garden Grove, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Men's Tennis
Live Theatre
Where do the neighbors shop?
Banana Republic
Nordstrom Rack
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
The Cheesecake Factory
Boston Market
What do the neighbors drive?
Toyota
Volvo
Mercedes
What do the neighbors listen to?
Jazz
News
Alternative
This home is located at 12142 Bailey St in Garden Grove, CA and zip code 92845. Features: 0 bathroom. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $1,699,000.
In March 2025, from all listings sold in Garden Grove, CA there were more than 18 sold above asking price, over 21 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Garden Grove, CA between February and March 2025 did not move. In March 2025 median list price was $940,000 and the average listing age was 27 days.