Listed by Long Nguyen, Advance Estate Realty,

10622 Tibbs Circle

Garden Grove, CA, 92840

$5,490,000

$447 per ft²
$5,490,000
$447 per ft²
Active
Active
 - For Sale
carpenters-square
12,275 ft²
property_type
Multi-family
calendar
Built 1960
Great investment opportunities to own a 17 units complex with mixed of 1 Studio, 8 1bed/1bath, 8 2bed/1bath. Rents are currently well below market, 1bed/1bath average rent is only $1,255 and 2bed/1bath average rent = $1,602 per month. Still have lots of room to improve on rental income as average rent is 24% below market rent. Each unit has its own 1 car garage except 1. Total separate 16 cars garages. New roof and re-pipe whole building about 8 years ago. Other amenities such as Community private pool for tenants to enjoy their hot summer, laundry room & Courtyard.
MLS® ID:
OC22107904
Listed:
5/19/22
Updated:
8/14/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Fireplace
None
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.45 acres lot
Lot Details
Yard
Sewer
Public Sewer

Other Property Details

Area Name
62 - Garden Grove N of Chapman, W of Euclid
HOA Amenities
Urban, Pool
Garage
Yes
Garage Spaces
16
Parking
Door-Multi, Garage
Parking Total
16.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
Community
Total Stories
2

 

Listed by Long Nguyen, Advance Estate Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/14/22. This information 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.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 11:49 PM UTC, 8/14/22

Contact