Homes for sale - 12905 Palm ST, Garden Grove, CA 92840

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Sep

Sat

Sep

Sun

Sep

Yuri Lavrentiev

yuri@compass.com +1(669) 285-9514

Listed by Keaton Quaack • Lyon Stahl Investment Real Estate, Inc.

$ 3,250,000

Est. payment | -/mo

0.34 Acres Lot

Save

$ 3,250,000

Est. payment | -/mo

Save

0.34 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25122939

Year Built 1959

Lot Size 0.337 Acres

Source California Regional MLS

Property Description

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 building's 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 building's close proximity to Orange County's top destinations and ma

Location

State CA

County Orange

Area 699 - Not Defined

Rooms

Kitchen Freezer, Other, Refrigerator, Oven - Gas

Interior

Flooring Laminate

Laundry Laundry Area

Exterior

Parking Features Assigned Spaces, Carport , Covered Parking, Detached Garage, Private / Exclusive, Common Parking Area, Off-Street Parking, Other, Parking Area, Side By Side

Garage Spaces 14.0

Pool 31, None

View Hills, Local/Neighborhood

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level, Paved

Sewer Sewer Available

Water District - Public

Others

Tax ID 23142302

Special Listing Condition Not Applicable

GET MORE INFORMATION

Yuri Lavrentiev

REALTOR® | Lic# CA DRE #02103193

yuri@compass.com

+1(669) 285-9514

1133 Minnesota Ave, San Jose, CA, 95125, USA

12905 Palm ST Garden Grove, CA 92840

Yuri Lavrentiev

Key Details

Location

Rooms

Interior

Exterior

Building

Others

12905 Palm ST