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    10622 Tibbs Circle

    Garden Grove, CA 92840
    • $4,450,000
    • STATUS: Active
    • ON SITE: 116 days
    • ID#: OC21009846
    UPDATED: 29 min ago
    $4,450,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,275
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    This apartment is in a very high demand rental area with 0% vacancy. Well maintenance apartment. All Buildings have been Re-roof & Re-Pipes. Each unit now has its own shut off values for future maintenance. Rental income is well below market rent (about 20% rent upside).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/113325110
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    10622 Tibbs Circle Garden Grove, CA 92840

    • Price: $4,450,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: OC21009846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    12,275
    SQFT
    $363
    $/SQFT
    1960
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    62 - Garden Grove N of Chapman, W of Euclid
    Property Description
    This apartment is in a very high demand rental area with 0% vacancy. Well maintenance apartment. All Buildings have been Re-roof & Re-Pipes. Each unit now has its own shut off values for future maintenance. Rental income is well below market rent (about 20% rent upside).
    Exterior Features

    Entry Location Ground LevelTop Level Lot Features Garden Number Of Separate Electric Meters 17 Parking Features Assigned Parking Total 16 Pool Features CommunityIn Ground Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.05 Common Interest None Community Features Street LightsUrbanPool Contingency 1031 Exchange Electric Expense 2525 Fuel Expense 8063 Garage YN Yes Gross Income 266250 Gross Scheduled Income 258360 Insurance Expense 6048 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeFannie MaeFreddie Mac Maintenance Expense 8487 Net Operating Income 190512 New Construction YN No New Taxes Expense 56400 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 17 Operating Expense 75737 Pool Expense 1020 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricity Total Actual Rent 21530 Trash Expense 4799 Utilities Sewer Available Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 10732 Water Source Public

    Listing provided courtesy of Long Nguyen of Advance Estate Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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