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Turnkey 17-Unit Apartment Investment in Prime Garden GroveWelcome 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 2012—providing 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 County’s most sought-after rental markets.
Property Type(s):
Residential Income
| Last Updated | 5/21/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | Garden Grove N of Chapman, W of Euclid | Garage Spaces | 16.0 |
| County | Orange |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Gas Water Heater, Range Hood, Water Heater |
| AREA | Garden Grove N of Chapman, W of Euclid |
| GARAGE | Assigned, Door-Multi, Garage, Garage Faces Rear, Yes |
| HEAT | Ductless |
| HOA DUES | 0 |
| INTERIOR | Quartz Counters |
| LOT | 0.45 acre(s) |
| LOT DESCRIPTION | Sprinkler System, Sprinklers In Front |
| PARKING | Assigned,Door-Multi,Garage,Garage Faces Rear |
| POOL | Yes |
| POOL DESCRIPTION | Community |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Advance Estate Realty
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