$ 5,250,000
-
$5,250,000
Price -
7
Bed -
6
Bath -
4
SqFt
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About the Listing H03359 - SNGUYLO1,OCHANGNGU
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 Highlights for 10622 Tibbs Cir
Status
Active
Days on Site
109
Property Type
Multi-Family
MLS ®
OC25112645
Year Built
1960
Total Square Footage
4
Lot/Acreage
0.45
County
Orange
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances: Gas Range, Gas Water Heater, Range Hood, Water Heater
- Air Cond: Ductless
- Heating: Ductless
- Fireplaces:
- Floor: Laminate,Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Quartz Counters
- Water: Public
Exterior Details
- Lot Description: Sprinkler System,Sprinklers In Front,No Land Lease
- Garage Capacity: 16 car
- Parking Spaces: 16
- Roof: Rolled/Hot Mop
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Garage Faces Rear,Garage - Two Door
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 08961318
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
10622 Tibbs Cir Garden Grove, CA 92840
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