12221 Peacock CT, Garden Grove, CA 92841
12221 Peacock CT, Garden Grove, CA 92841
12221 Peacock CT, Garden Grove, CA 92841
26
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$2,960,000
Est. payment /mo
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0.26 Acres Lot
New

12221 Peacock CT Garden Grove, CA 92841

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Rick Lee

Rick Lee

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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 NP26125682

HOA Y/N No

Year Built 1961

Lot Size 0.260 Acres

Property Sub-Type Mixed Use

Property Description

Rare Investment Opportunity in Garden Grove! Situated on a prime corner lot in a low-density residential neighborhood, this 10-unit multifamily asset features exceptional curb appeal and a strong mix of studios and one-bedroom units. The property is in exceptional condition, boasting brand-new dual-pane vinyl windows across all units, with three units comprehensively renovated in 2026 to include new flooring, scraped ceilings, and updated kitchens and bathrooms. Investors will benefit from immediate stability alongside massive value-add potential, including an immediate 25% upside in current rental income. Additionally, the city has verbally approved the development of an 8-unit ADU structure within the current parking lot area, offering a clear path to adding significant value. Located in a highly desirable, high-demand rental submarket, tenants are just minutes away from popular local dining, shopping centers like the Outlets at Orange, and convenient commuter access to the 22 Freeway. Do not miss out on this turnkey Orange County asset with unmatched equity-building potential!

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 4

Pool None

Community Features Suburban

Total Parking Spaces 10

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 13310249

Energy Description 3814.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Randall Mycorn R L M Equities 949-573-5309, DRE #02078223
NEARBY SCHOOL & BUSINESS
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12221 Peacock CT

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