12905 Palm Street, Garden Grove, CA 92840

• 7,387 sqft

Property Description

RARE 12-UNIT DUAL-PARCEL INCOME OPPORTUNITY | GARDEN GROVE. Seize a once-in-a-cycle opportunity to acquire a 12-unit, dual-parcel income-generating portfolio in the heart of Orange County. 12905 & 12921 Palm Street are being offered together, delivering a strong and stable residential income stream in one of the region’s most resilient investment corridors. Located in the established rental market of Garden Grove, the property features twelve (12) well-positioned units, each configured as 1-bedroom, 1-bathroom apartments, ideal for consistent tenant demand and long-term occupancy stability. The asset is currently producing a combined annual gross income of approximately $288,000, offering investors immediate cash flow with potential for future upside. This opportunity is perfectly suited for 1031 exchange buyers seeking a time-sensitive, exchange-ready asset (seller has documented exchange intent and an SXA on file). Investors looking to secure a stabilized multi-unit property with high in-place income. Buyers seeking long-term appreciation in a high-demand Orange County rental market. The dual-APN structure enhances flexibility for portfolio diversification, financing strategies, or future repositioning. A flexible close-of-escrow timeline provides added convenience for exchange buyers, while a buyer-friendly concession approach creates an attractive entry point. With consistent rental demand, limited comparable inventory, and proven income performance, this property represents a rare chance to secure a high-yield, multi-unit investment in a prime location. Opportunities like this are rarely available: 12 units, dual parcels, and high income in one offering. Contact the listing agent for full financials, rent roll, and parcel breakdown.

Listing Status:

Active

Date Added:

April 15, 2026

Data Last Updated:

April 16, 2026 at 4:20PM

Listing Office:

Coldwell Banker Envision : 562-860-2443

Listing Agent:

Tony Lopez : 562-860-2443

MLS ID:

RS26081589

Interior

• General: Ceiling Fan(s)
• Appliances: Gas Oven
• Laundry: Common Area
• A/C: None
• Heating: Wall Furnace
• Fireplace: None
• Disability Feature: None

Exterior

• General: None
• Style: Modern
• Pool: None
• Parking: AssignedCarportParking spaces: 13

Construction

• Roofing: Shingle
• General: BlockDrywallFrame2Slab

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Orange

Lot

• Zoning: 23142302
• View: None
• Fencing: None

Utilities

• Utilities: Sewer ConnectedSee RemarksWater AvailableStandard
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM