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10622 Tibbs Circle

Garden Grove, CA 92840

– beds
– baths
– sqft
~1/2 acre lot
1960 build
– on site

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 2012—providing 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 County’s most sought-after rental markets.

Listed By CRMLS_CA / Long Nguyen / Advance Estate Realty / 714-933-5686

Last checked: Checking… • Last updated May 21, 2025 •

MLS# OC25112645 —

The Building

Year Built:

1960
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4.00
Building Area Units:

Square Feet
Total Number Of Units:

17
# of Buildings:

4
Roof:

Rolled/Hot Mop
Stories Total:

2
Entry Level:

1
Accessibility Features:

Parking
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

16

Interior

Features:

Quartz Counters
Levels:

Two
Entry Location:

1
Flooring:

Laminate, Tile, Vinyl
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

Katella & Euclid
Latitude:

33.80187800
Longitude:

-117.94791800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Sprinkler System, Sprinklers In Front
Lot Size Area:

19602.0000
Lot Size Acres:

0.4500
Lot Size SqFt:

19602.00
Lot Size Source:

Assessor
View:

None
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

883.01
Tax Tract:

2735
Tax Lot:

11

The Listing

Special Listing Conditions:

Standard
Parcel Number:

08961318
Showings Begin:

2025-05-21

Heating & Cooling

Heating:

1
Heating:

Ductless
Cooling:

Yes
Cooling:

Ductless

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Range, Gas Water Heater, Range Hood, Water Heater
Included:

Yes

The Community

Features:

Urban
Association:

No
Pool:

Community
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Assigned, Garage Faces Rear, Garage - Two Door
Parking Spaces:

16.00
Garage Spaces:

16.00

Extra Units

Average 1 Bed Area:

650
Average 2 Bed Area:

804
Average Studio Area:

643
Number With Disposal:

17

Explore the Area

My Commute

From

Walk Score®

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Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
5/21/25 May 21, 2025	Listed / Active	CRMLS_CA	$5,250,000
10/27/22 Oct 27, 2022	Price Changed	CRMLS_CA
5/20/22 May 20, 2022	Listed / Active	CRMLS_CA

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This multifamily located in Garden Grove, CA 92840 is currently for sale for $5,250,000. 10622 Tibbs Circle is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. This multifamily is in the attendance area of Faylane Elementary School, Lake Intermediate School, and Rancho Alamitos High School.

Listing Courtesy of: CRMLS_CA and Advance Estate Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 19:11 on May 21.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.