Turnkey 17 Unit Apartment Investment in Prime Garden Grove
Welcome 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 2012providing 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 Countys most sought after rental markets.