10622 Tibbs Circle, Garden Grove, CA

$5,490,000

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0.45

Acres

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 $5,490,000
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 140
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentLong Nguyen
OfficeAdvance Estate Realty

Listing Map

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