12221 Peacock Court, Garden Grove, CA 92841

• 6,018 sqft

Property Description

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 surrounded by single-family homes, the property benefits from enhanced curb appeal, a quieter residential environment, and strong tenant demand. The combination of lot size, neighborhood character, and renovation potential positions the asset for long-term income growth and appreciation. Located in one of G

Listing Status:

Pending

Date Added:

January 7, 2026

Data Last Updated:

February 7, 2026 at 2:09PM

Listing Office:

Coldwell Banker Realty : 310-820-6651

Listing Agent:

Anisa Abji : 310-442-1606

MLS ID:

CL26634525

Interior

• Laundry: Common Area
• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: OtherUncovered Parking Space

Location

• Originating MLS: CRMLS
• County: Orange

Lot

• Zoning: 13310249

Financial

• Source: CRMLS