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, 10622 Tibbs Circle is an ideal fit for investors seeking a stabilized asset with upside in one of Orange County’s most sought-after rental markets.
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, 10622 Tibbs Circle is an ideal fit for investors seeking a stabilized asset with upside in one of Orange County’s most sought-after rental markets.
Property Details
Price:
$5,250,000
MLS #:
OC25112645
Status:
Active
Baths:
0
Address:
10622 Tibbs Circle
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
62gardengrovenofchapmanwofeuclid
City:
Garden Grove
Listed Date:
May 19, 2025
State:
CA
ZIP:
92840
Lot Size:
19,602 sqft / 0.45 acres (approx)
Year Built:
1960
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Schools
Interior
Appliances
Gas Range, Gas Water Heater, Range Hood, Water Heater
Cooling
Ductless
Flooring
Laminate, Tile, Vinyl
Heating
Ductless
Laundry Features
Community
Exterior
Community Features
Urban
Parking Features
Assigned, Garage Faces Rear, Garage – Two Door
Parking Spots
16.00
Roof
Rolled/ Hot Mop
Financial
Map
Community
- Address10622 Tibbs Circle Garden Grove CA
- Area62 – Garden Grove N of Chapman, W of Euclid
- CityGarden Grove
- CountyOrange
- Zip Code92840
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10622 Tibbs Circle
Garden Grove, CA
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