$5,250,000/mo

10622 Tibbs Circle, Garden Grove, CA 92840

  • 4 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.45acre lot
  • Property Parking Icon 16 car garage
  • Property Price Per Square Feet Icon $1,312,500/sqft
  • Property List Date Icon Listed 6 months ago

Property 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.

Listing Status:
Active
Date Added:
May 21, 2025 at 05:00AM
Listing Office:
Advance Estate Realty : 714-894-4306
Listing Agent:
Long Nguyen : 714-894-4306
MLS ID:
OC25112645
  • General: Quartz Counters
  • Appliances: Gas RangeGas Water HeaterRange HoodWater Heater
  • Laundry: Common Area
  • Flooring: LaminateTileVinyl
  • A/C: Ductless
  • Heating: Ductless
  • Fireplace: None
  • Disability Feature: Parking
  • General: None
  • Pool: Community
  • Parking: AssignedDoor-MultiGarageGarage Faces RearParking spaces: 16
  • Roofing: Rolled/Hot Mop
  • General: 2
  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: Orange
  • Zoning: 08961318
  • View: None
  • Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater ConnectedStandard
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS

This listing courtesy of Long Nguyen, Advance Estate Realty

Location

Schools Nearby

L

Linton T. Simmons Elementary School

11602 Steele Dr, Garden Grove, CA, 92840

Grades KG-6

0.55 miles away

L

Louis Lake Intermediate School

10801 Orangewood Ave, Garden Grove, CA, 92840

Grades 7-8

0.40 miles away

M

Mark Twain Special Center

11802 Loara St, Garden Grove, CA, 92840

Grades KG-12

0.97 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.