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Listed by Scott Gerard, DRE #01004111 • Gerard Properties Inc.
$ 2,290,000
Est. payment /mo
Active
12582 Adelle ST Garden Grove, CA 92841
10,223 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26119486
Year Built 1977
Lot Size 10,223 Sqft
Source California Regional MLS
Property Description
SEE OFFERING MEMORANDUM IN SUPPLEMENTS. Rare pride-of-ownership 5-unit investment opportunity located in a highly desirable West Garden Grove neighborhood comprised primarily of single-family residences and smaller apartment communities. This established residential setting provides enduring resident demand and contributes to long-term investment appeal. Built in 1977, this property has been well maintained and thoughtfully improved over time. Recent capital improvements include a new roof installed over the rear building in 2024, a new water heater installed in 2025 and new electric panels installed in all units and the laundry room to satisfy insurance in 2025. The property currently generates gross annual income of $148,380. With desirable and diverse unit mix consisting of two 1-bedroom/1-bath units, two 2-bedroom/2-bath units, and one spacious 3-bedroom/2.5-bath townhouse style residence all demands can be met. Unit layouts are designed to maximize resident comfort and retention. The townhouse-style unit features private front and side yards, a rear patio and two side-by-side garages with automatic openers. Remaining residences each benefit from a dedicated one-car garage with an automatic opener, while two additional garages are currently leased for storage, providing
Location
State CA
County Orange
Area 63 - Garden Grove S Of Chapman, W Of Euclid
Interior
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Garage, Gate / Door Opener, Parking Area
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 21510210
Special Listing Condition Not Applicable
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