12905 Palm ST Active Save Request In-Person Tour Request Virtual Tour
Garden Grove,CA 92840
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25122939
Year Built 1959
Lot Size 0.337 Acres
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 5.60% as well as a GRM of 11.65 and future upside with a pro forma CAP Rate of 7.03% and GRM of 9.92. 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
Special Listing Condition Not Applicable