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Olga Melnikova

olga@deanaguilargroup.com +1(858) 255-9911

$ 5,250,000

Est. payment -/mo

Save

Active

10622 Tibbs Circle Garden Grove, CA 92840

4 Beds

4 Baths

0.45 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25112645

Bedrooms 4

Lot Size 0.450 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Turnkey 17-Unit Apartment Investment in Prime Garden Grove Welcome to 10622 Tibbs Circle, a rare opportunity to acquire a well-maintained 16 + 1 unit apartment complex located in a quiet cul-de-sac in the heart of Garden Grove. This property has been thoughtfully cared for by long-term ownership, with an average of over $30,000 spent annually on capital improvements over the past 5+ years. Major upgrades include a full copper repipe of the entire building and a complete roof replacement completed in 2012providing peace of mind and reducing future maintenance costs for the next investor. The apartment offers a desirable mix of one-bedroom and two-bedroom units, many of which have been updated. Residents enjoy the convenience of ample on-site parking, shared laundry facilities, and a spacious central courtyard that fosters a sense of community. Current rents remain below market, presenting a significant value-add opportunity for the next owner through rent increases or further interior renovations. Ideally situated near Little Saigon, top-rated schools, shopping centers, and major freeways including the 22, 5, and 405, the location ensures high tenant demand and long-term rental stability. With its strong in-place income, solid physical condition, and potential for growth, 10622 Tibbs Circle is an ideal fit for investors seeking a stabilized asset with upside in one of Orange Countys most sought-after rental markets.

Location

State CA

County Orange

Zoning Assessor

Direction Katella & Euclid

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Roof Type Rolled/Hot Mop

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 08961318

Acceptable Financing Exchange

Listing Terms Exchange

Listed by Long Nguyen Advance Estate Realty

SCHOOLSPROPERTIES

Elementary Schools 20

10

A. J. Cook Elementary School

Public | KG - 6
9

Sunnyside Elementary School

Public | KG - 6
9

Excelsior Elementary School

Public | KG - 6
8

Peter Marshall Elementary School

Public | KG - 6
8

Louis G. Zeyen Elementary School

Public | KG - 6
8

Stanford Elementary School

Public | KG - 6
8

Gilbert Elementary School

Public | KG - 6
8

Walt Disney Elementary School

Public | KG - 6
8

Ethel M. Evans Elementary School

Public | KG - 6
8

Parkview Elementary School

Public | KG - 6
7

Albert Schweitzer Elementary School

Public | KG - 6
7

Jonas E. Salk Elementary School

Public | KG - 6
7

Juliette Low Elementary School

Public | KG - 6
7

Faylane Elementary School

Public | KG - 6
7

Ocia A. Peters Elementary School

Public | KG - 6
7

Genevieve M. Crosby Elementary School

Public | KG - 6
7

Earl Warren Elementary School

Public | KG - 6
6

Bryant Elementary School

Public | KG - 6
6

Ernest O. Lawrence Elementary School

Public | KG - 6
6

Robert M. Pyles Elementary School

Public | KG - 6

Middle Schools 12

8

Donald S. Jordan Intermediate School

Public | 7 - 8
7

Alamitos Intermediate School

Public | 7 - 8
7

Dr. Walter C. Ralston Intermediate School

Public | 7 - 8
7

Izaak Walton Intermediate School

Public | 7 - 8
6

Louis Lake Intermediate School

Public | 7 - 8
6

Leroy L. Doig Intermediate School

Public | 7 - 8
3

Dale Junior High School

Public | 7 - 8
3

Brookhurst Junior High School

Public | 7 - 8
2

Polaris High (Alternative)

Public | 7 - 12
1

Ball Junior High School

Public | 7 - 8
0

Marie L. Hare High School

Public | 7 - 12
0

Community Day/Alternative Education/Special Education

Public | 7 - 12

High Schools 15

8

Bolsa Grande High School

Public | 9 - 12
8

Garden Grove High School

Public | 9 - 12
6

Rancho Alamitos High School

Public | 9 - 12
6

Santiago High School

Public | 9 - 12
4

Anaheim High School

Public | 9 - 12
3

Loara High School

Public | 9 - 12
2

Savanna High School

Public | 9 - 12
1

Magnolia High School

Public | 9 - 12
0

Cornelia Connelly School

Private | 9 - 12
0

Fairmont Preparatory Academy

Private | 9 - 12
0

Jordan Secondary Learning Center

Public | 9 - 12
0

North Orange County Regional Occupational Program

Public | 9 - 12
0

Servite High School

Private | 9 - 12
0

Gilbert High (Continuation)

Public | 9 - 12
0

Lincoln High Continuation

Public | 9 - 12

School and business data provided by Attom Data.

Olga Melnikova

Agent | License ID: 02024406

+1(858) 255-9911

Olga Melnikova

10622 Tibbs Circle Garden Grove, CA 92840

Key Details

Location

Interior

Exterior

Building

Others

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10622 Tibbs Circle