10622 Tibbs Circle Active Save Request In-Person Tour Request Virtual Tour
Garden Grove,CA 92840
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4 sqft
Price per Sqft $1,312,500
MLS Listing ID OC-25112645
Year Built 1960
Lot Size 0.450 Acres
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Orange
Area 62 - Garden Grove N Of Chapman, W Of Euclid
Interior
Heating Ductless
Cooling Ductless
Flooring Laminate,Tile,Vinyl
Fireplaces Type None
Laundry Community
Exterior
Parking Features Garage - Three Door,Garage - Two Door,Garage Faces Rear,Assigned
Garage Spaces 16.0
Pool Community
Community Features Urban
Utilities Available Sewer Connected,Water Connected,Cable Available,Electricity Connected,Natural Gas Connected,Phone Available
View Y/N No
View None
Building
Lot Description Sprinkler System,Sprinklers In Front
Sewer Public Sewer