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10622 Tibbs Circle, Garden Grove, CA 92840

Property Details

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10622 Tibbs Circle
Garden Grove, CA 92840

For Sale: $4,250,000

Property Type: Commercial Apartments
MLS#: OC18264556

  • Building Size: 12275 SF
  • Lot Size: 19602 SF
  • Number of Units: 17
  • Year Built: 1960
  • Days on market: 173
  • Cap Rate: 3.20
  • Net Operating Income: $145,702
  • Gross Scheduled Income: $238,360
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Long Nguyen, Advance Estate Realty

Property Description

This apartment is in a very high demand rental area with 0% vacancy. all Buildings have been Re-roof & Re-Pipes. Each unit now has its own shut off values for future maintenance. Rental income is well below market rent. 2 Bed / 1 Bath rental market price should be Minimum at $1400 - $1,500. There are lots of room on rental income, which will bring your cap ratio much higher.

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10622 Tibbs Circle, Garden Grove, CA 92840

Based on information from California Regional Multiple Listing Service, Inc. as of January 29, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Long Nguyen, Advance Estate Realty

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