10622 Tibbs Circle

Garden Grove, CA 92840

  • 0 Bed(s)
  • 0 Bath(s)
  • 4 Sqft
  • 19602
    Sqft(Lot)
$5,250,000

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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    49896821

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Rolled/Hot Mop
    • Interior Features: Quartz Counters
    • Property Appliances: Gas Range,Gas Water Heater,Range Hood,Water Heater
    • Fireplace: None
    • Flooring: Laminate,Tile,Vinyl

    Cooling Features

    • Ductless
    • Air Conditioning

    Heating Source

    • Ductless
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1960
    • Building Area Total: 4
    • Roof: Rolled/Hot Mop

    Accessibility Features

    • Parking

    Pool Features

    • Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.45
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 19602

  • Listing Price Information

    • Original List Price: 5,250,000
    • Listing Contract Date: 2025-05-19

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 08961318

  • Garage and Parking

    • Garage Description: Assigned,Door-Multi,Garage,Garage Faces Rear

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Sewer,Water

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 62 - Garden Grove N of Chapman, W of Euclid
    • Directions: Katella & Euclid
    • Source Property Type: Residential Income
    • Area: 62 - Garden Grove N of Chapman, W of Euclid
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 65
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/31/2025 @ 09:09

  • MLS: OC25112645
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4 sqft, 19,602 sized lot, and 16 parking. are nearby neighborhoods.