Property Details
About this Property
Turnkey 17-Unit Apartment Investment in Prime Garden Grove Welcome to 10622 Tibbs Circle, a rare opportunity to acquire a well-maintained 16 + 1 unit apartment complex located in a quiet cul-de-sac in the heart of Garden Grove. This property has been thoughtfully cared for by long-term ownership, with an average of over $30,000 spent annually on capital improvements over the past 5+ years. Major upgrades include a full copper repipe of the entire building and a complete roof replacement completed in 2012—providing peace of mind and reducing future maintenance costs for the next investor. The apartment offers a desirable mix of one-bedroom and two-bedroom units, many of which have been updated. Residents enjoy the convenience of ample on-site parking, shared laundry facilities, and a spacious central courtyard that fosters a sense of community. Current rents remain below market, presenting a significant value-add opportunity for the next owner through rent increases or further interior renovations. Ideally situated near Little Saigon, top-rated schools, shopping centers, and major freeways including the 22, 5, and 405, the location ensures high tenant demand and long-term rental stability. With its strong in-place income, solid physical condition, and potential for growth, 1062
MLS Listing Information
MLS #
CROC25112645
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Appliances
Hood Over Range, Other, Oven Range - Gas
Flooring
Laminate
Laundry
Community Facility
Exterior Features
Roof
Rolled/Hot Mop
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Attached Garage, Garage, Garage: 16 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Long Nguyen
Advance Estate Realty
License #: 01391629
Phone: –
Co-Listing Agent
Hang Ny Nguyen
License #: 02104933
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
10622 Tibbs Cir is a Residential Income in Garden Grove, CA 92840. This – square foot property sits on a 19,602 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,250,000 and was built in 1960. This address can also be written as 10622 Tibbs Cir, Garden Grove, CA 92840.
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This listing information is up-to-date as of May 21, 2025. For the most current information, please contact Long Nguyen
