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12905 Palm Street

Garden Grove, CA 92840

– beds
– baths
– sqft
14,693 sqft lot
1959 build
– on site

We are pleased to exclusively offer for sale this 12 Unit Multi-Family investment located in the strong rental market of Garden Grove. This offering is comprised of (2) adjacent parcels totaling 14,693 square feet positioned next to both the 22 and 5 freeways providing access to the entirety of Orange County and the entertainment and employment opportunities therein. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (12) 1 Bed/1 Bath units. Further, the property been meticulously taken care of with many of the major electric and plumbing systems upgraded. Furthermore, the property offers ample parking with multiple carport and designated spaces. As it stands, the offering presents strong day one income with a current CAP Rate of 5.60% as well as a GRM of 11.65 and future upside with a pro forma CAP Rate of 7.03% and GRM of 9.92. Along these lines, the property features onsite washers and dryers bringing in extra $333 a month providing investors with a healthy stream of additional cash flow subject to occupancy. Investors also have the unique opportunity to capitalize on the adjacent lots to build ADUs and generate additional income upon acquisition. All in all, the building’s close proximity to Orange County’s top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, and the Honda Center further drives future rental demand. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.

Listed By CRMLS_CA / Keaton Quaack / Lyon Stahl Investment Real Estate, Inc. / 562-743-8204

Last checked: Checking… • Last updated Jun 2, 2025 •

MLS# SB25122939 —

The Building

Year Built:

1959
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Concrete, Drywall Walls, Stucco
Building Area Total:

7387.00
Building Area Units:

Square Feet
Total Number Of Units:

12
# of Buildings:

1
Roof:

Flat
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

12
# of Separate Water Meters:

1
# of Separate Electric Meters:

12

Interior

Features:

Granite Counters, Laminate Counters
Levels:

Two
Entry Location:

Ground
Flooring:

Laminate, Tile, Wood
Room Type:

Entry, Kitchen
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

North of Garden Grove Blvd. On the Corner of Palm St and El Rey Pl
Latitude:

33.77546600
Longitude:

-117.91512500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Paved, Sprinkler System
Lot Size Area:

14693.0000
Lot Size Acres:

0.3373
Lot Size SqFt:

14693.00
Lot Size Source:

Assessor
View:

1
View:

Courtyard, Hills, Neighborhood
Fencing:

Block
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

231-423-16
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

885.02
Tax Tract:

1932
Tax Lot:

2

The Listing

Special Listing Conditions:

Standard
Parcel Number:

23142302

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Sewer Paid
Water Source:

Public

Appliances

Appliances:

6 Burner Stove, Freezer, Gas Oven, Refrigerator
Included:

Yes

The Community

Features:

Biking, Curbs, Dog Park, Golf, Gutters, Park, Sidewalks, Street Lights, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Assigned, Carport, Detached Carport, Covered, Driveway, Paved, Driveway Level, Off Street, On Site, Parking Space, Private, Side by Side
Parking Spaces:

14.00
Uncovered Spaces:

6.00
Carport Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/2/25 Jun 2, 2025	Listed / Active	CRMLS_CA	$3,300,000

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This multifamily located in International West, Garden Grove, CA 92840 is currently for sale for $3,300,000. 12905 Palm Street is a – square foot multifamily with – beds and – baths that has been on Estately for 13 days. 12905 Palm Street is in the International West neighborhood of Garden Grove and has a WalkScore® of 85, making it very walkable. This multifamily is in the attendance area of Santiago High School, Warren Elementary School, and Walton Intermediate School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 13:08 on Jun 15.

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.