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12905 Palm Street, Garden Grove, CA 92840
Priced at Only: $3,400,000
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Address: 12905 Palm Street, Garden Grove, CA 92840
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  • MLS#: RS26081589 ( Commercial/Residential )
  • Street Address: 12905 Palm Street
  • Viewed: 1
  • Price: $3,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: ORANGE
  • City: Garden Grove
  • Zipcode: 92840
  • Subdivision: Other (othr)
  • Provided by: Coldwell Banker Envision
  • Contact: Tony Tony
  • 562-762-7403
  • California Regional MLS IDX
  • DMCA Notice
  • 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 regions 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.
Features
Accessibility Features
  1. None
Additional Parcels Description
  1. 23142316
Appliances
  1. Gas Oven
Architectural Style
  1. Modern
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 7387.00
Carport Spaces
  1. 12.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Frame
  2. Block
  3. Drywall Walls
Cooling
  1. None
Country
  1. US
Electric
  1. Standard
Electric Expense
  1. 1800.00
Fencing
  1. None
Fireplace Features
  1. None
Foundation Details
  1. Slab
Fuel Expense
  1. 4800.00
Garage Spaces
  1. 1.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 7500.00
Interior Features
  1. Ceiling Fan(s)
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Community
Laundry Income
  1. 4200.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 11-15 Units/Acre
  2. No Landscaping
  3. Lot 10000-19999 Sqft
Netoperatingincome
  1. 212730.00
Newtaxesexpense
  1. 32000.00
Number Of Rentedgarages
  1. 3600
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Parcel Number
  1. 23142302
Parking Features
  1. Assigned
  2. Carport
Pool Features
  1. None
Professionalmanagementexpense
  1. 5760.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Repairs Cosmetic
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Shingle
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 460789156:CRM
Spa Features
  1. None
Subdivision Name Other
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 69510.00
Trash Expense
  1. 8400.00
Utilities
  1. Water Available
  2. Sewer Connected
  3. See Remarks
Vacancyallowance
  1. 5760
View
  1. None
Water Sewer Expense
  1. 9000.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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