About 10622 Tibbs Circle
Great investment opportunities to own a 17 units complex with mixed of 1 Studio, 8 1bed/1bath, 8 2bed/1bath. Rents are currently well below market, 1bed/1bath average rent is only $1,255 and 2bed/1bath average rent = $1,602 per month. Still have lots of room to improve on rental income as average rent is 24% below market rent. Each unit has its own 1 car garage except 1. Total separate 16 cars garages. New roof and re-pipe whole building about 8 years ago. Other amenities such as Community private pool for tenants to enjoy their hot summer, laundry room & Courtyard.
Features of 10622 Tibbs Circle
| MLS® # | OC22107904 |
|---|---|
| Price | $5,590,000 |
| Bathrooms | 0.00 |
| Acres | 0.45 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 10622 Tibbs Circle |
|---|---|
| Area | 62 - Garden Grove N of Chapman, W of Euclid |
| Subdivision | Other (OTHR) |
| City | Garden Grove |
| County | Orange |
| State | CA |
| Zip Code | 92840 |
Amenities
| Parking Spaces | 16 |
|---|---|
| Parking | Door-Multi, Garage |
| # of Garages | 16 |
| Garages | Door-Multi, Garage |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Community |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Yard |
|---|
Additional Information
| Date Listed | May 20th, 2022 |
|---|---|
| Days on Market | 259 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Long Nguyen |
|---|---|
| Office | Advance Estate Realty |