12221 Peacock Court, Garden Grove, CA 92841

Garden Grove
Local realty services provided by:ERA North Orange County Real Estate
12221 Peacock Court,Garden Grove, CA 92841
$2,310,000
  • 8 Beds
  • 10 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: anisa abji, eric sackler
Office: coldwell banker realty
MLS#:26634525
Source:CRMLS

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Price summary

  • Price:$2,310,000

About this home

12221 Peacock Ct presents a compelling opportunity to acquire a 10-unit multifamily asset in the heart of Garden Grove. Offered at $2,300,000, the property is priced at $382.19 per square foot and $230,000 per unit, positioning it competitively within the Orange County multifamily market. The asset offers a stable in-place cash flow with clear value-add potential through renovations that can drive higher rental income. At current operations, the property is offered at a 4.73% CAP rate with a 12.00 GRM, while the proforma CAP rate improves to 4.83% with a proforma GRM of 11.85, reflecting achievable income growth through unit upgrades and operational enhancements. These metrics highlight the property's ability to deliver consistent returns in a high-demand rental submarket. Constructed in 1961, the two-story building spans 6,018 square feet on an oversized 11,292 square-foot lot, zoned R-3, allowing for strong long-term value preservation. Situated on a desirable corner lot and...

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Home facts

  • Year built:1961
  • Listing ID #:26634525
  • Added:65 day(s) ago
  • Updated:March 19, 2026 at 06:47 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:10

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1961
  • Levels:2 Story

Finances and disclosures

  • Price:$2,310,000

Parking

  • Total parking spaces:10
  • Parking description:Carport, Uncovered
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