Property Details
About this Property
We are pleased to exclusively offer for sale this 12 Unit Multi-Family investment located in the strong rental market of Garden Grove. This offering is comprised of (2) adjacent parcels totaling 14,693 square feet positioned next to both the 22 and 5 freeways providing access to the entirety of Orange County and the entertainment and employment opportunities therein. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (12) 1 Bed/1 Bath units. Further, the property been meticulously taken care of with many of the major electric and plumbing systems upgraded. Furthermore, the property offers ample parking with multiple carport and designated spaces. As it stands, the offering presents strong day one income with a current CAP Rate of 5.78% as well as a GRM of 11.37 and future upside with a pro forma CAP Rate of 7.15% and GRM of 9.77. Along these lines, the property features onsite washers and dryers bringing in extra $333 a month providing investors with a healthy stream of additional cash flow subject to occupancy. Investors also have the unique opportunity to capitalize on the adjacent lots to build ADUs and generate additional income upon acquisition. All in all, the building’s close proximity to Orange County’s top destinations and ma
MLS Listing Information
MLS #
CRSB25122939
MLS Source
California Regional MLS
Days on Site
49
Interior Features
Appliances
Freezer, Other, Oven - Gas
Flooring
Laminate
Exterior Features
Roof
Flat
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Common Parking Area, Covered Parking, Detached, Off-Street Parking, Other, Parking Area, Private / Exclusive, Side By Side, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 12 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
12905 Palm St is a Residential Income in Garden Grove, CA 92840. This – square foot property sits on a 14,693 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,250,000 and was built in 1959. This address can also be written as 12905 Palm St, Garden Grove, CA 92840.
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This listing information is up-to-date as of July 07, 2025. For the most current information, please contact Keaton Quaack
