12905 Palm Street

Garden Grove, CA 92840

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,387 Sqft
  • 14693
    Sqft(Lot)
$3,300,000

Description

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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    50055699

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

    Interior Features

    • Roof : Flat
    • Interior Features: Granite Counters,Laminate Counters
    • Property Appliances: 6 Burner Stove,Freezer,Gas Oven,Refrigerator
    • Fireplace: None
    • Flooring: Laminate,Tile,Wood

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1959
    • Building Area Total: 7,387
    • Construction: Drywall,Concrete,Stucco
    • Roof: Flat

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Block

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3373
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 14693

  • Listing Price Information

    • Original List Price: 3,300,000
    • Listing Contract Date: 2025-06-02

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 23142302

  • Garage and Parking

    • Garage Description: Assigned,Covered,Carport,Detached Carport,Driveway Level,Driveway,On Site,Off Street,Paved,Private,One Space,Side By Side

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Postal Code Plus 4: 6410
    • Directions: North of Garden Grove Blvd. On the Corner of Palm St and El Rey Pl
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 66
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Ground
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/09/2025 @ 01:19

  • MLS: SB25122939
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,387 sqft, 14,693 sized lot, and 0 parking. are nearby neighborhoods.