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$3,400,000

Est. payment - /mo

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0.34 Acres Lot

New

12905 Palm ST Garden Grove, CA 92840

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS26081589

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1959

Lot Size 0.338 Acres

Property Sub-Type Mixed Use

Property 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 region's 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 $287,880, 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.

Location

State CA

County Orange

Area 62 - Garden Grove N Of Chapman, W Of Euclid

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Common Area, See Remarks

Exterior

Parking Features Assigned, Carport

Garage Spaces 1.0

Carport Spaces 12

Garage Description 1.0

Fence None

Pool None

Community Features Gutter(s), Street Lights, Sidewalks

Utilities Available Sewer Connected, See Remarks, Water Available

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 13

Private Pool No

Building

Lot Description 11-15 Units/Acre, No Landscaping

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 23142302

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 4800.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Tony Lopez Coldwell Banker Envision 562-762-7403, DRE #01752038

NEARBY SCHOOL & BUSINESS

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