logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
23 Photos
icon
icon icon
12905 Palm Street
USD 3,300,000
Property ID: SB25122939
icon
12905 Palm Street ,92840
icon --
icon 14693 SqFt
icon Built in 1959
icon USD 225/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
Location
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
7387
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1959
See more icon
Detailed Introduction Of This Home
We are pleased to exclusively offer for sale this 12 Unit Multi-Family investment located in the strong rental market of Garden Grove. This offering is comprised of (2) adjacent parcels totaling 14,693 square feet positioned next to both the 22 and 5 freeways providing access to the entirety of Orange County and the entertainment and employment opportunities therein. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (12) 1 Bed/1 Bath units. Further, the property been meticulously taken care of with many of the major electric and plumbing systems upgraded. Furthermore, the property offers ample parking with multiple carport and designated spaces. As it stands, the offering presents strong day one income with a current CAP Rate of 5.60% as well as a GRM of 11.65 and future upside with a pro forma CAP Rate of 7.03% and GRM of 9.92. Along these lines, the property features onsite washers and dryers bringing in extra $333 a month providing investors with a healthy stream of additional cash flow subject to occupancy. Investors also have the unique opportunity to capitalize on the adjacent lots to build ADUs and generate additional income upon acquisition. All in all, the building’s close proximity to Orange County’s top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, and the Honda Center further drives future rental demand. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Similar houses you may like
6709 N Sepulveda
6709 N Sepulveda
icon 6709 N Sepulveda
1176 SqFt  / 4 Beds  / 4 Full Bas
USD 851,500
17863 Avery Street
17863 Avery Street
icon 17863 Avery Street
7735 SqFt  / 3 Beds  / 1 Full Bas
USD 339,999
430 Stutsman Road
430 Stutsman Road
icon 430 Stutsman Road
13068 SqFt  / 4 Beds  / 3 Full Bas
USD 665,000
516 N Bronson Avenue
516 N Bronson Avenue
icon 516 N Bronson Avenue
4140 SqFt  / 3 Beds  / 2 Full Bas
USD 1,750,000
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 23
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
Photos (23)
icon
icon
banner
12905 Palm Street
USD 3,300,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.world
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.world’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder