Rare Investment Opportunity in Garden Grove! Situated on a prime corner lot in a low-density residential neighborhood, this 10-unit multifamily asset features exceptional curb appeal and a strong mix of studios and one-bedroom units. The property is in exceptional condition, boasting brand-new dual-pane vinyl windows across all units, with three units comprehensively renovated in 2026 to include new flooring, scraped ceilings, and updated kitchens and bathrooms. Investors will benefit from immediate stability alongside massive value-add potential, including an immediate 25% upside in current rental income. Additionally, the city has verbally approved the development of an 8-unit ADU structure within the current parking lot area, offering a clear path to adding significant value. Located in a highly desirable, high-demand rental submarket, tenants are just minutes away from popular local dining, shopping centers like the Outlets at Orange, and convenient commuter access to the 22 Freeway. Do not miss out on this turnkey Orange County asset with unmatched equity-building potential!
Property Details
Price:
$2,960,000
MLS #:
NP26125682
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
699notdefined
Listed Date:
Jun 9, 2026
Total Sq Ft:
6,018
Lot Size:
11,326 sqft / 0.26 acres (approx)
Year Built:
1961
See this Listing
Schools
Interior
Laundry Features
AR
Exterior
Common Walls
_2CW
Community Features
SUB
Parking Spots
10
Parking Total
10
Financial
Maintenance Fee
$5,000
Map
Community
- Address12221 Peacock CT Garden Grove CA
- CityGarden Grove
- CountyOrange
- Zip Code92841
Subdivisions in Garden Grove
Market Summary
Current real estate data for Single Family in Garden Grove as of Jun 13, 2026
145
Single Family Listed
67
Avg DOM
509
Avg $ / SqFt
$982,452
Avg List Price
Property Summary
- 12221 Peacock CT Garden Grove CA is a Single Family for sale in Garden Grove, CA, 92841. It is listed for $2,960,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1961. The average price per square foot for Single Family listings in Garden Grove is $509. The average listing price for Single Family in Garden Grove is $982,452.
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