10622 Tibbs Circle, Garden Grove, CA 92840
Local realty services provided by:ERA North Orange County Real Estate
10622 Tibbs Circle,Garden Grove, CA 92840
$5,250,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:long nguyen
Office:advance estate realty
MLS#:OC25112645
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,250,000
About this home
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 2012providing 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 Countys most sought-after rental markets.
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Home facts
- Listing ID #:OC25112645
- Added:134 day(s) ago
- Updated:October 02, 2025 at 01:54 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Structure and exterior
- Roof:Rolled/Hot Mop
Finances and disclosures
- Price:$5,250,000
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