12905 Palm Street, Garden Grove, CA 92840
Local realty services provided by:ERA Donahoe Realty
12905 Palm Street,Garden Grove, CA 92840
$3,250,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:keaton quaack
Office:lyon stahl investment real estate, inc.
MLS#:SB25122939
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,250,000
About this home
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 buildings 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 5.78% as well as a GRM of 11.37 and future upside with a pro forma CAP Rate of 7.15% and GRM of 9.77. 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 buildings close proximity to Orange Countys 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
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Home facts
- Listing ID #:SB25122939
- Added:124 day(s) ago
- Updated:October 05, 2025 at 01:53 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$3,250,000
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