Garden Grove, CA 92840,10622 Tibbs CIR
Garden Grove, CA 92840,10622 Tibbs CIR
Garden Grove, CA 92840,10622 Tibbs CIR
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$5,250,000
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0.45 Acres Lot
Active

10622 Tibbs CIR Garden Grove, CA 92840

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Kimber Wuerfel

Kimber Wuerfel

+1(714) 812-9155

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25112645

HOA Y/N No

Year Built 1960

Lot Size 0.450 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Orange

Area 62 - Garden Grove N Of Chapman, W Of Euclid

Interior

Interior Features Quartz Counters

Heating Ductless

Cooling Ductless

Flooring Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range, Gas Water Heater, Range Hood, Water Heater

Laundry Common Area

Exterior

Parking Features Assigned, Door-Multi, Garage, Garage Faces Rear

Garage Spaces 16.0

Garage Description 16.0

Pool Community

Community Features Urban, Pool

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

View Y/N No

View None

Roof Type Rolled/Hot Mop

Accessibility Parking

Total Parking Spaces 16

Private Pool No

Building

Lot Description Sprinklers In Front, Sprinkler System

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 08961318

Energy Description 8347.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Long Nguyen Advance Estate Realty 714-933-5686

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    A. J. Cook Elementary School

    Public | KG - 6

  • 9

    Sunnyside Elementary School

    Public | KG - 6

  • 9

    Excelsior Elementary School

    Public | KG - 6

  • 8

    Peter Marshall Elementary School

    Public | KG - 6

  • 8

    Louis G. Zeyen Elementary School

    Public | KG - 6

  • 8

    Stanford Elementary School

    Public | KG - 6

  • 8

    Gilbert Elementary School

    Public | KG - 6

  • 8

    Walt Disney Elementary School

    Public | KG - 6

  • 8

    Ethel M. Evans Elementary School

    Public | KG - 6

  • 8

    Parkview Elementary School

    Public | KG - 6

  • 7

    Albert Schweitzer Elementary School

    Public | KG - 6

  • 7

    Jonas E. Salk Elementary School

    Public | KG - 6

  • 7

    Juliette Low Elementary School

    Public | KG - 6

  • 7

    Faylane Elementary School

    Public | KG - 6

  • 7

    Ocia A. Peters Elementary School

    Public | KG - 6

  • 7

    Genevieve M. Crosby Elementary School

    Public | KG - 6

  • 7

    Earl Warren Elementary School

    Public | KG - 6

  • 6

    Bryant Elementary School

    Public | KG - 6

  • 6

    Ernest O. Lawrence Elementary School

    Public | KG - 6

  • 6

    Robert M. Pyles Elementary School

    Public | KG - 6

Middle Schools 12
  • 8

    Donald S. Jordan Intermediate School

    Public | 7 - 8

  • 7

    Alamitos Intermediate School

    Public | 7 - 8

  • 7

    Dr. Walter C. Ralston Intermediate School

    Public | 7 - 8

  • 7

    Izaak Walton Intermediate School

    Public | 7 - 8

  • 6

    Louis Lake Intermediate School

    Public | 7 - 8

  • 6

    Leroy L. Doig Intermediate School

    Public | 7 - 8

  • 3

    Dale Junior High School

    Public | 7 - 8

  • 3

    Brookhurst Junior High School

    Public | 7 - 8

  • 2

    Polaris High (Alternative)

    Public | 7 - 12

  • 1

    Ball Junior High School

    Public | 7 - 8

  • 0

    Marie L. Hare High School

    Public | 7 - 12

  • 0

    Community Day/Alternative Education/Special Education

    Public | 7 - 12

High Schools 15
  • 8

    Bolsa Grande High School

    Public | 9 - 12

  • 8

    Garden Grove High School

    Public | 9 - 12

  • 6

    Rancho Alamitos High School

    Public | 9 - 12

  • 6

    Santiago High School

    Public | 9 - 12

  • 4

    Anaheim High School

    Public | 9 - 12

  • 3

    Loara High School

    Public | 9 - 12

  • 2

    Savanna High School

    Public | 9 - 12

  • 1

    Magnolia High School

    Public | 9 - 12

  • 0

    Cornelia Connelly School

    Private | 9 - 12

  • 0

    Fairmont Preparatory Academy

    Private | 9 - 12

  • 0

    Jordan Secondary Learning Center

    Public | 9 - 12

  • 0

    North Orange County Regional Occupational Program

    Public | 9 - 12

  • 0

    Servite High School

    Private | 9 - 12

  • 0

    Gilbert High (Continuation)

    Public | 9 - 12

  • 0

    Lincoln High Continuation

    Public | 9 - 12

School and business data provided by Attom Data.

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Kimber Wuerfel

Kimber Wuerfel

Team Leader | License ID: 01314386

+1(714) 812-9155

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10622 Tibbs CIR