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Listed by Randall Mycorn, DRE #02078223 • R L M Equities
$ 2,960,000
Est. payment /mo
Contingent
12221 Peacock CT Garden Grove, CA 92841
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRNP26125682
Year Built 1961
Lot Size 0.260 Acres
Source California Regional MLS
Property Description
Rare Investment Opportunity in Garden Grove! Situated on a prime corner lot in a low-density residential neighborhood, this 10-unit multifamily asset features exceptional curb appeal and a strong mix of studios and one-bedroom units. The property is in exceptional condition, boasting brand-new dual-pane vinyl windows across all units, with three units comprehensively renovated in 2026 to include new flooring, scraped ceilings, and updated kitchens and bathrooms. Investors will benefit from immediate stability alongside massive value-add potential, including an immediate 25% upside in current rental income. Additionally, the city has verbally approved the development of an 8-unit ADU structure within the current parking lot area, offering a clear path to adding significant value. Located in a highly desirable, high-demand rental submarket, tenants are just minutes away from popular local dining, shopping centers like the Outlets at Orange, and convenient commuter access to the 22 Freeway. Do not miss out on this turnkey Orange County asset with unmatched equity-building potential!
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 13310249
Special Listing Condition Not Applicable , Accepting Backups
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