12905 Palm Street, Garden Grove, CA 92840 - Berkshire Hathaway HomeServices California Properties
12905 Palm Street Garden Grove, CA 92840
$3,250,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, and the Honda Center further drives future rental demand. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25122939
List price is $3,250,000 Reduced by $50,000 on 7/7/2025
Beds: 0
Baths: 0
None fireplaces
Built in 1959
2 stories
0.34 acres
Lot size: 0.3373
County: Orange
Construction: Drywall,Concrete,Stucco
Interior features: Granite Counters,Laminate Counters
Appliances: SixBurnerStove,Freezer,Gas Oven,Refrigerator
Parking description: Assigned,Covered,Carport,Detached Carport,Driveway Level,Driveway,On Site,Off Street,Paved,Private,One Space,Side By Side
Lot description: Lawn,Paved,Rectangular Lot,Sprinkler System,Street Level
MLS area: 699 - Not Defined

Last Updated: 7/7/2025

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.775466, -117.915125.
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Listing Agent: Keaton Quaack
Lic#: 01234982
Office Name: Mission Viejo

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