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 5.60% as well as a GRM of 11.65 and future upside with a pro forma CAP Rate of 7.03% and GRM of 9.92. 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.
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 5.60% as well as a GRM of 11.65 and future upside with a pro forma CAP Rate of 7.03% and GRM of 9.92. 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.
Property Details
Price:
$3,300,000
MLS #:
SB25122939
Status:
Active
Baths:
0
Address:
12905 Palm Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Garden Grove
Listed Date:
Jun 2, 2025
State:
CA
ZIP:
92840
Lot Size:
14,693 sqft / 0.34 acres (approx)
Year Built:
1959
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Schools
Interior
Appliances
6 Burner Stove, Freezer, Gas Oven, Refrigerator
Fireplace Features
None
Flooring
Laminate, Tile, Wood
Interior Features
Granite Counters, Laminate Counters
Exterior
Community Features
Biking, Curbs, Dog Park, Golf, Gutters, Park, Sidewalks, Street Lights, Suburban
Fencing
Block
Garage Spaces
0.00
Lot Features
Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Paved, Sprinkler System
Parking Features
Assigned, Carport, Detached Carport, Covered, Driveway, Paved, Driveway Level, Off Street, On Site, Parking Space, Private, Side by Side
Parking Spots
14.00
Pool Features
None
Roof
Flat
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
Courtyard, Hills, Neighborhood
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address12905 Palm Street Garden Grove CA
- Area699 – Not Defined
- CityGarden Grove
- CountyOrange
- Zip Code92840
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12905 Palm Street
Garden Grove, CA
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